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

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...

 

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

 

AUD/CHF and AUD/JPY looks nice too,little diversification won't hurt

 

So you read this article too.
Not all doom and gloom, being a net importer is no big deal, taxes will be made up from increase tax take when oil goes north of $100 (as it will sure do sometime in the comming decade.)

http://www.moneyweek.com/file/19848/the-shocking-truth-about-north-sea-oil.html

 

that was quick,up 250 pips
still see potential for another 700 pips,add aud/usd target 82,40

 

Wow, very good article, when do you guys think we will start to see a major flunctuations in their currency?

 

just sold eur/aud 1,6654 ,expecting 100 pips