Drill, baby drill... is just words...
while the president prepares the SOTU speech and soon after announces running for president again...
Meanwhile, he knows that drilling takes time to get going... and by the time the campaigns are over...
he does a Peanuts move and pulls away the football at the end of the campaigning, if he, by some miracle (aka: stealing the election again) wins a second term.
Just remember that nothing is mentioned about the intended destination of this oil if drilled.