"One Of The World's Dangerous Terror Groups Is Now..." Topic

…In The Oil Business.

"ISIL, the business-minded Islamic army threatening Baghdad, has established a new flow of revenue since seizing a large swath of Iraq—an estimated $1 USD million-a-day oil smuggling business.

According to an investigation by Iraq Oil Report (paywall), ISIL rapidly captured one and possibly two oilfields south of Kirkuk soon after storming Iraq a month ago. The fields, in the Hamrin mountains, produce relatively small volumes—just 16,000-20,000 barrels a day. But that earns a tidy income even at the knock-down local black market rate of about $55 USD a barrel, according to the report.

The description of ISIL's smuggling route into Kurdistan continues the narrative of a ruthlessly managed, financially savvy rebel group that has emerged over the last year first in Syria and now Iraq. That includes control over Syria's oilfields—on July 3, ISIL captured al-Omar, the country's largest oilfield—plus some $420 USD million in Iraqi dinars snatched up in the June capture of Mosul. In all, ISIL may have a cache of some $1.3 USD billion…"

Full article here
link

Amicalement
Armand

ISIS is certainly making a very, very big pain in the for much of the civilized world …

Well making jihad costs money. Gas for all those vehicles seized from the Iraqi army, Bullets for all those weapons, once again, seized from the Iraqi army. Extra security for those runs through Kurdistan because Allah help them if the Kurds get ahold of them. Not to mention all those new passports just issued.

They aren't doing this without help. They got Al Capone for tax evasion. I hope that banks are coming under scrutiny.

There were several cases of large banks laundering billions for drug cartels. I think HSBC got busted for this. Also Wells Fargo.