I'm staying on the sidelines this week. With oil pushing above $85, I'm not comfortable trading. I don't really understand how a Turkish invasion in Northern Iraq could affect oil supply. First, I didn't think much of the world's oil came from Iraq. Second, isn't it up the the United States to defend Iraq in its new occupier role? Although they are far more likely to attack Iraq in Saddam's absence--I figure he would have gassed the Turks and the Kurds if they'd tried--I don't see a country that's trying to enter the EU attacking anyone unless backed into a corner. Either I must not have a good understanding of geopolitics in the region. Crossing borders seems unthinkable but, then again, a lot of things have happened since 2003 on the global geopolitical stage were once unthinkable to me.
