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ISIS Oil Revenues Down By Up To 90 Percent
Oilprice.com ^ | 02-08-2016 | Ziggi

Posted on 08/02/2016 1:00:43 PM PDT by bananaman22

Recent Iraqi military gains over the Islamic State have dried up oil revenues for the terrorist organization by up to 90 percent, according to a report by Iraqi News on Tuesday.

Security sources from the ministry of oil said ISIS had been smuggling at least 50 vehicles full of oil everyday from oilfields in Qayyarah and Najma. The two sites stand south of Mosul—the largest ISIS stronghold and the third largest city in Iraq by population.

But new offensives against the terrorist organization have reduced the smuggling rate to five vehicles a day. ISIS’ prices for the smuggled oil, which once stood above $6,000 a vehicle, have now been reduced to $2,000.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: isis; oil; oilrevenue; smuggling; terrorism

1 posted on 08/02/2016 1:00:43 PM PDT by bananaman22
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To: bananaman22

Thank you Russia


2 posted on 08/02/2016 1:06:30 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: bananaman22

Oh noes!

Has the quality of ISIS’ healthcare plan gone down, too?


3 posted on 08/02/2016 1:09:51 PM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: bananaman22

Wasn’t that part of Trump’s plan?


4 posted on 08/02/2016 1:18:36 PM PDT by Don Corleone (Oil the gun, eat the cannolis, take it to the mattress.)
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To: bananaman22
ISIS Oil Revenues Down By Up To 90 Percent

Damn those Russians, I won't stand for this!

5 posted on 08/02/2016 1:20:15 PM PDT by Navy Patriot (America, a Rule of Mob nation)
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To: 2banana
Thank you Russia

Although I'm sure President Putin enjoys having his fanclub, you would be advised to look at a map, my geographically-challenged friend. If you read the article, you'll notice that the loss of territory the article mentions is all in Iraq. Putin is only involved in Syria.

6 posted on 08/02/2016 1:26:47 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: 2banana

“Thank you Russia”

Russia can’t get all the credit - they are not operating in Iraq, where this story is based.

The same story has played out in Syria though, where the Russians started the serious oil interdiction program, and in Libya, where ISIS recently lost another lucrative oil operation.

Overall, ISIS finances have collapsed, and so has recruiting. Their casualty rate now is the highest that they have ever experienced. The new CENTCOM Commanding General is stacking ISIS bodies like cord wood, and has coordinated a pile on by a half dozen oppoents. This has been the Summer of Death for ISIS. They have lost so many of their strongholds, that they are running low on strongholds to lose. After al Bab, Raqqa and Mosul; they will be effectively a non-State actor.

They will be lucky to make it into next year as a “State”. At some point, the leaders will break and run for hiding in Turkey or elsewhere, leaving the low level guys to die in place. The Iraqi Interior Minister recently said that high level ISIS leaders in Mosul were selling their property and moving their families out.

It will be gratifying to watch their collapse.


7 posted on 08/02/2016 1:30:10 PM PDT by BeauBo
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To: bananaman22

They should be at ZERO


8 posted on 08/02/2016 1:33:31 PM PDT by ReaganGeneration2
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To: bananaman22

How is the Erdogan family going to make the mortgage? Maybe Mrs Erdogan can start clipping coupons from the Sunday paper.


9 posted on 08/02/2016 2:30:38 PM PDT by marron
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To: bananaman22

Bwahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa. If we had a President who wasn’t an isis backer, it would be 0.


10 posted on 08/02/2016 2:35:07 PM PDT by hal ogen (First Amendment or Reeducation Camp?.)
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To: Alter Kaker

Hmmmm. And just how does all that ISIS Iraqi oil get to Turkey? Not to mention all the Syrian oil (yes, Syria does have some oil)? Through Syria. At least it did.

Obama was afraid of bombing ISIS refineries and trucks due to environmental concerns.

Oh, and go f*ck yourself.


11 posted on 08/02/2016 4:14:11 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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