There's only one problem there LE... a quick google search on the topic and right at the top is this article: http://www.time.com/time/business/article/0,8599,1815884,00.html
Here's a little FYI for ya:
"even if tomorrow we opened up every square mile of the outer continental shelf to offshore rigs, even if we drilled the entire state of Alaska and pulled new refineries out of thin air, the impact on gas prices would be minimal and delayed at best. A 2004 study by the government's Energy Information Administration (EIA) found that drilling in ANWR would trim the price of gas by 3.5 cents a gallon by 2027...." And guess what, by 2027 the international supply and demand is expected to go from 85 million barrels a aday to well over 100 million.... Plus, oil is a global market. It's true that oil pumped in the U.S. could stay in the U.S. But oil prices will be determined by international supply and demand. The fact that we drilled for more oil wouldn't necessarily have an impact on what we pay at the pumps....
So really the only thing that sounds right in your statement is that there would be more jobs; however, the impact on the environment from such increased drilling, all for the sake of saving 3 cents a gallon in about 15-20 years is mind boggling... Here's somehting else you can tap into for your reading pleasure: http://www1.american.edu/TED/projects/tedcross/xoilpr15.htm
A simple google search will tell you everything you need to know... the wusses may know a little bit more and be able to see past saving a few cents a gallon... many many years from now.. so that generations can continue to enjoy the earth, one that won't be here if people continue to rape it of its natural resources, for selfish reasons at that.