Alternative energy will take longer to produce than drilling in ANWR

IBD:

...An IBD review of the president's energy proposals finds that, if they have any effect on oil consumption and prices at all, it won't be for decades. Among the main ideas in his energy plan: 

Wind, solar, etc.: Obama argues for expanding the use of renewable fuels, such as wind, solar and biofuels. "It's time," he says, "to double down on clean energy industries that have never been more promising." 

But the federal Energy Information Administration says these will account for just 13% of the nation's energy production as far out as 2035, up from 7% today. In contrast, traditional fuels — such as oil, coal and natural gas — will still make up 73%. 

A separate report from the EIA shows that these energy sources are still a long way from being economically viable without heavy government subsidies. And the Obama administration has directed billions of dollars in grants and loans to this industry, only to see some companies — like Solyndra — spectacularly fail. 

Algae: In his February energy speech, Obama talked up algae as an alternative fuel source. "Believe it or not, we could replace up to 17% of the oil we import for transportation with this fuel that we can grow right here in the United States," he said. 

But the study backing up that statistic simply assumes that "numerous technical challenges to achieving commercial-scale (algae fuel) production can be met." Right now, nobody knows if or when that will happen. Plus, producing that much algae fuel would require large amounts of land and water, the study notes. 

Efficiency: In his "Blueprint for a Secure Energy Future," Obama talks about "the enormous benefits that come with greater energy efficiency." The only problem is that the country has already made huge strides in improving efficiency, but that hasn't prevented sky-high energy prices....

I do not see the innovation that is going to remove the need for fossil fuels.  At best it might reduce the usage at the margins.  But the President thinks that drilling in places like ANWR would take too long?