Have you actually read (or tried to read) the energy bill?  It is gigantic and it was written with bipartisan support, starting over means it will take months, maybe another year.

As for the wildcatting projects you are discussing, they already announced a dry hole on one of the drilling sites.

What Alaskans don't get is that fracking produces oil that is hard for North Slope producers to match in price - Alaska oil is higher priced due to shipping and higher production costs based on geography alone.