The End Of The Age Of British Energy Independence-time to sell gbp

Discussion in 'Forex' started by mr double, Dec 25, 2006.

  1. Even wild optimists accept that global oil production will peak, and then start to drop off, within the next 20 years.

    But the situation regarding the UK is far more serious. In the North Sea, Peak Oil is no longer a theory... it’s a reality.

    In 2007 the UK will become a net importer of both oil and gas – a status from which it’ll never recover.

    That’s bad news for our economy in an age of rocketing oil prices. It’s even worse for our government which has relied heavily on bumper oil taxes...
  2. investors who buy into the right alternatives to oil could become extremely rich too...

    And the most exciting oil alternative right now is nuclear energy.
    time to buy aud
    so the bottom line is long aud/gbp
  3. AUD/CHF and AUD/JPY looks nice too,little diversification won't hurt :p
  4. that was quick,up 250 pips:p
    still see potential for another 700 pips,add aud/usd target 82,40
  5. Jon Reed

    Jon Reed

    Wow, very good article, when do you guys think we will start to see a major flunctuations in their currency?
  6. just sold eur/aud 1,6654 ,expecting 100 pips