Oil currently sitting at $144aus.......surely at somepoint the...

Oil currently sitting at $144aus.......surely at somepoint the market has got to rerate oil juniors...especially the ones that are sitting on reserves that are only being valued at less than $1.50 a barrel....


"THE world's largest energy company yesterday warned that oil prices would almost double, fanning fears that higher oil prices may inflame inflation.

The chief executive of Russia's Gazprom, Alexei Miller, said oil would hit US$250 a barrel "in the foreseeable future", compared to yesterday's price around $US132, dwarfing recent analyst predictions of $US150."

If oil hits $250 the world economy is sc**wed.....Personally I hope it doesnt go anywhere near that....but if it does, I have my hedge in place...
Cheers