It wont effect the market very much. A little oil here or there isn't going to do anything. What we need are large discoveries, like the one in mexico (forget what it's called). The problem is the planet has been searched extensively via aircraft, boats, and satellites* so there's very little chance that there's another large oil field around that has gone undiscovered. Any new discoveries are going to be small and unimportant in the grand scheme of things.

Of course I do support this offshore drilling thing, I'm just pointing out that it's not going to be as big of a help as people think it will. Same thing with Alaska's Anware (however it's spelled).


*FYI for those of you that are curious oil fields are discovered because they change the local gravitational fields. It's something that's very easy to detect with today's technology.