Posted on 08/21/2014 6:53:42 PM PDT by 2ndDivisionVet
Islamic State's thirst for blood has the world on edge, but its equally insatiable yearning for oil could prove a "catastrophe" for the global economy if the terror organization isn't stopped, experts say.
The jihadist group, formerly known as ISIS, now controls seven oil fields and two small refineries in northern Iraq, bringing in as much as $2 million per day by selling up to 40,000 barrels via middlemen in illicit deals. The black market oil sells for roughly $25 to $60 per barrel, compared to the current market rate of $102, according to Luay al-Khatteeb, founder and executive director of the Iraq Energy Institute. And while this is a veritable drop in the global bucket of oil production, the crude spigot will continue translating into terror funds for Islamic State militants if unchecked, al-Khatteeb and other experts told FoxNews.com.
“Unless we choke this organization’s revenues, and the areas it’s able to access revenues, it’s going to keep growing,” said Denise Natali, a senior research fellow for the Institute for National Strategic Studies. “The Iraqi government has announced it now, but this has been going on for months.”
On Wednesday, Iraq’s Oil Ministry warned buyers of crude oil that unauthorized purchases made in the country could be used to fund terror activities by Islamic State. Buyers were urged to “exercise caution” and were reminded that any purchases without authorization from Iraqi officials could result in sanctions for financial terror activities....
(Excerpt) Read more at foxnews.com ...
obozo will take care of it as soon as he comes back from vacation. /s
Islam, of which ISIS is merely the most currently successful iteration, is a Global Catastrophe.
TWO MILLION DOLLARS A DAY? Holy mackerel! That’s about as much money as a moderately successful medium-sized American business makes in a day! If these crazy bastards become a few million times more successful they could theoretically be noticed by the world oil market!
They also have about 10 billion dollars in their piggy bank and a ton of stolen weapons, vehicles, farms and other goods.
“...he says as he and Obama decimated our Armed Forces and put the nation in the worst position ever to deal with this threat or any other serious threat. Shame on Hagel and his boss!!!
All that ISIS would need to do is take the USA out of the picture.
To do that, just take down the EBT and SNAP systems and pin it on the Tea Party.
Instant civil unrest.
I beg God;s forgiveness, but they all need to be dead.
I say let’em have it.
Maybe that’s what it would take to get the idiots here to drill for it in our OWN country.
LOL I remember 13 or more years ago, the liberals resisting opening up ANWAR because it would be 8 or so years before we would see any oil from it!
Well? .....
Obama backfires, gun sales in 2013 smash all records
http://www.washingtontimes.com/news/2014/jan/6/gun-sales-2013-break-all-records-due-obamas-gun-co/?page=all
It’s time for a military coup. I know you’re all thinking it.
Bois ton sang. Tu n’aurais plus de soif. (Drink your blood. You will have no more thirst.)
Is that a joke? What do you mean?
The world is slowly waking up to the fact that Islam is not being aggressive because of some Bush policy, but because it is Islam, and it is growing.
I merely suggest that the ISIS thirst for oil could be dealt with in certain ways.
2mil per day would finance a lot of evil. They need to remain poor camel humpers.
Their revenue must be cut.
Our commander in chief, the only guy who gets daily intelligence briefings, said ISIS was the JV. Should he be impeached for high crimes and misdemeanors or allowed to further endanger America?
The JV huh?
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