Posted on 11/19/2015 1:11:01 PM PST by amorphous
The question of how the Islamic State funds its sprawling caliphate has been discussed in the past: we first broke down the primary driver of ISIS revenue well over a year ago, in September 2014, when we explained that "ISIS uses oil wealth to help finance its terror operations."
...
We wonder how long until someone finally asks the all important question regarding the Islamic State: who is the commodity trader breaching every known law of funding terrorism when buying ISIS crude, almost certainly with the tacit approval by various "western alliance" governments, and why is it that these governments have allowed said middleman to continue funding ISIS for as long as it has?
(Excerpt) Read more at zerohedge.com ...
Interesting how ISIS appears to be the one entity unaffected by the global collapse in oil prices.
Exactly..like Rush has said..follow the $$$ trail to see where the big snakes live.
Spengler was right...it all comes down to blood and money, in the end.
Who is Zero Hedge?
Those guys are smart .....
The question all the Hollywood types want to know is what will they be wearing for the holidays, my vote is for funeral shrouds.
They were probably underselling the market, further killing my Bakken stocks
Who short sold airline stock prior to 9/11?
Answer to who is brokering the oil - Turkey.
Once in the world trade, oil is fungible, and oil obtained from questionable sources is traded just the same as that for which there is full provenance from wellhead to refinery.
Heavy arms can be traded back and forth with relative impunity on the black market, and there are enough “dirty” banks to cover the transaction, so who has the incentive to look into the cash flow on oil purchases?
There have been a lot of articles about how the oil price has hurt them over the past year. Especially impacted since they have to sell it for a fraction of the market rate.
They have moved on to other means of funding in addition to the oil.
Hitting the Islamic State’s Oil Isn’t Enough
http://www.freerepublic.com/focus/f-news/3362365/posts
... the Islamic State had a massive one-time cash infusion from the dozens of banks it seized in Mosul, Iraq, in 2014. The group’s biggest ongoing source of money, however, comes from something quite different: extortion. Forcing the 8 million people under its thumb to pay extortion fees nets the Islamic State hundreds of millions of dollars a year...
We finally started to bomb their oil trucks this week. A year ago would have been better.
Check out their site, lots of interesting news. Financial and otherwise.
Run by a guy who goes by Tyler Durden (Brad Pitt in Fight Club).
Simple really..., steal producing wells, spend nothing on development/maintenance, sell produced oil for whatever = pure profit!
I have heard claims that ISIS is trucking the oil into Iraq (Putin is bombing the tanker trucks). I assume the oil is “laundered” by selling it as Iraqi oil. Someone in Iraq’s refinery or oil storage facilities is getting rich facilitating this fraud, shouldn’t be hard to find out who.
Financing is one thing.
As important, who is selling munitions to these murderers ?
Financing is one thing.
As important, who is selling munitions to these murderers ?
$150B to spend from an anonymous donor...
The monitoring of that traffic from the instant it leaves port, and seized, would freeze the financing of the killers, without having to destroy any of the facilities and infrastructure that rightfully belong to the non-terrorist population.
Why hasn't that happened?
Certainly one of the best candidates. No doubt there are plenty of Saudis who would be happy to oblige as well.
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