Oil production in the Permian Basin continues to be on the rise. Also, with gas prices soaring over $3.50 a gallon it will be interesting to see how how high the price of oil per barrel gets and also how high the gas prices will continue to rise. Drilling is West Texas is being seen in the area more than ever before. In the local newspaper it stated that, " leading oilmen in the Permian Basin expect to double oil production in Texas within five to seven years." Is this surprising to you?  It will be interesting to see how long this boom really continues and how it changes our economy here in the Permian Basin and in the United States.