The priority in Alaska should be the National Strategic Petroleum Reserve, which was set aside for just this reason. I'd like to see the ANWR left untapped until it's our last oil. We've got to hold something back for the future.
The problem with this is auto companies would simply make the cars much lighter(apparently the most cost efficient method) which has proven to be dangerous. But I would like to see SUV's get better emissions and gas mileage through market forces.
I'm not entirely against drilling ANWAR eventually but we should take Iraq and pump their oil until it runs out before we use our reserves.
Why bother with occupying Iraq when Saudia Arabia has so much more oil ;-)
The thing with ANWR is it is going take at least 5 years before we see drop one of oil. Since there has been quite alot in advancing oil exploration conforming to environmental policy I really don't see a problem with this. Also don't forget that Bush has backed off drilling in the Gulf (to help his brother in FL) and there really hasn't been much new development on the CA coast in some time.
The above said, I am far from being a friend of oil companies as I think they conspire( much like OPEC) to effect pricing increase and other such BS. This is one area where I don the aluminum foil beanie.
You chose your screen name carefully, didn't you?