ISIS’ Oil Revenue Falling

Back to child-rape and museum-destroying for these guys:

The falling oil prices that are devastating Canada’s economy are also hurting ISIL, but it’s unclear if the commodity’s decline will spell an end to the murderous terrorist group that’s behind the Paris attacks.

“Operating in large swathes of territory in eastern Syria and western and northern Iraq allows ISIL to control numerous oilfields from which it continues to extract oil for its own use, its own refining and for onward sale or swap to local and regional markets,” according to the international Financial Action Task Force (FATF), of which Canada is a member.

In a February report, the FATF estimated that ISIL was selling crude at source for a deeply discounted $25-$30 per barrel to middlemen, who then marked it up to $60-$100 per barrel (bbl).

“We note that during the preparation of this report, there has been a substantial decline in global crude oil prices (from approximately $80USD/bbl to $50USD/bbl), and so the price at which ISIL sells crude oil (and the revenue generated from the sale of crude oil) has likely declined as well,” the report said.

Let’s not forget Russia’s hand in this:

  • mauser 98

    create another pissing match, Saudi’s , Iran, to help prices

  • Xavier

    The Saudis are about to increase it 40%. Coincidence?

  • Clear Thinker

    Send in the group of A-10 Warthogs and recreate the highway of death from the 1991 gulf war. Oh the glory of it would be immense. Too bad the president of the United states has gone nancy boy, or always was.

    • Blacksmith

      My thoughts also, Either that or send in Puff the magic dragon, It could circle at

      15000 ft until either the convoy was gone or the ammo was used up.

  • FactsWillOut

    I think waiting for the Turks to export it and then confiscating it would be a good idea.

    Cheap oil is good for the economy.

  • Gary

    I heard someone on TV do a quick promo for Obama and nobody in the Media caught the lie when they said that Obama attacked the Oil supply line to cut off their funding source .
    Putin is the one that allowed the Video from the fighter jet when it blew-up the oil truck convoy depot .
    A spokesperson for Obama had previously said they he DIDN’T attack the oil wells or trucks because it would cause a environmental problem.

    How pathetic that Obama needs people to lie for him to make him look good .

    • chayisun

      And remember Obama made sure to notify isis that the Americans were going to arrive in 45 minutes to bomb the oil tankers by dropping leaflets. You know, so the Yanks wouldn’t injure or kill the truck drivers….

  • Norman_In_New_York

    Oil is now at $37 per barrel. It can only rise so much profits return to American frackers, putting a check on any further rise.

  • simus1

    yahoo is tops when it comes to dispensing “news program feedstock agglomeration” that has little chance of shocking the low info crowd.