New Drilling

To cut the increasing oil prices, Bush has suggested oil drilling in the Alaska's Arctic National Wildlife Refuge to create a larger supply of oil. Yet many are skeptical that this can affect the oil industry at all in the short-term and questionable in the long-term . Oil exploration and new oil drilling is an enormous investment and would take the oil companies several months at least to decide, and it would take several more years before that supply of oil can reach the market.

link:
http://www.businessweek.com/bwdaily/dnflash/content/jun2008/db20080619_412349.htm?chan=search