Nope, it doesn't. After 911 much of the Rats' opposition to producing more of our energy supplies domestically is the one function of their opposition to President Bush's policies that are indeed incomprehensible.
Part of the problem is that Pubbies create straw man arguments. It will be 10 years before ANWR oil hits the market and because the price is set globally not nationally, it will have no effect on the price of oil. Conservative intellectuals, god bless them, unlike the left, feel uneasy about backing these arguements.
The Pubbies, if they were interested in winning instead of posturing would make it a states right issue; Alaska's right to decide for herself what to do with their land.
