From your links:
Meanwhile, as I reported at the beginning of September, ISIS’s oil production and distribution network is not what it was just a few months ago, when up to 70,000 barrels of crude was finding its way onto the black market.
Cohen from the U.S. Treasury suggests — using his revenue number of a million dollars — that production has been reduced to 25,000 barrels and that the Assad regime is still on the receiving end of that ISIS-controlled oil.
http://edition.cnn.com/2014/10/27/business/isis-wealthiest-terror-group-defterios/
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Headlines are often misleading. Into those articles you find:
The $1 million a day figure is coming out of the Iraqi fields of which they have control. Iraq and Syria together could reach up to $3 million a day
http://abcnews.go.com/International/isis-makes-million-day-selling-oil-analysts/story?id=24814359
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The territory ISIS controls in Iraq alone is currently producing anywhere from 25,000 to 40,000 barrels of oil a day, which can fetch a minimum of $1.2 million on the black market, according to Luay al-Khatteeb, a visiting foreign policy fellow at the Brookings Doha Center, who also directs the Iraq Energy Institute. Some estimates have placed the daily income ISIS derives from oil sales at $2 million, though American officials are skeptical it is that high.
http://www.freerepublic.com/perl/post?id=3238501,30
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Three questions please:
Do you believe the oil production went up or down with ISIS?
How does a commodities market react to a reduction of supply?
Do you believe smugglers that risked buying from ISIS passed their savings onto their buyers, or sold at market prices?