For the last year or so, since my wife gave me a small 10-inch bench-mount drill press, I have been burning the drill bits up like no ones business. After searching the forums here recently, and having seen various comments made (not on the subject of burning drill bits, but of just drilling holes) I realized that drilling dry is no way to go

you don't need oil when drilling wood!
I recently picked up some real "cutting oil" and a little squeeze pump oil can, and WOW!! what a difference. drilling metal is now a whole lot more fun.
Thanks for leaning me a new lesson... Now I just have to pick up some new bits of all sizes..