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Where ISIS Makes Its Money

Tyler Durden's picture




 

President Obama's 4-pronged strategy to 'degrade and destroy' ISIS includes a 'financial attack' (according to the Treasury) as they recognize, as The Daily Signal notes, one major hurdle in the way of the 'strategy' is the brutal organization's control of oil fields in Iraq and Syria; which ISIS uses that oil wealth to help finance its terror operations. Here's how they do it...

 

 

As The Daily Signal's Kelsey Harkness ( @kelseyjharkness ) notes,

According to the Iraq Energy Institute, an independent, nonprofit policy organization focused on Iraq’s energy sector, the army of radical Islamists controls production of 30,000 barrels of oil a day in Iraq and 50,000 barrels in Syria.

 

By selling the oil on the black market at a discounted price of $40 per barrel (compared to about $93 per barrel in the free market), ISIS takes in $3.2 million a day.

 

James Phillips, veteran expert in Middle Eastern affairs at The Heritage Foundation, told The Daily Signal that the revenue gives ISIS a “solid economic base that sustains its continued expansion.”

 

The oil revenue, which amounts to nearly $100 million each month, allows ISIS to fund its military and terrorist attacks — and to attract more recruits from around the world, including America.

 

To be successful in counterterrorism efforts, Phillips said,  the U.S. and its allies must “push the Islamic State out of the oil fields it has captured and disrupt its ability to smuggle the oil to foreign markets.”

Here’s how Phillips said the ISIS oil operation works:

ISIS sells oil to consumers in territory it controls, roughly the size of Maryland, inside Syria and Iraq. The terrorist group also sells oil to a network of smugglers that developed in the 1990s during Iraqi dictator Saddam Hussein’s rule; that network smuggled oil out of Iraq into Turkey to avoid sanctions imposed by the United Nations.

ISIS also reportedly sells oil, through middlemen, to the Assad regime in Syria that is trying to quell rebellion there. When it comes to making a fast buck, the Middle East has no shortage of “strange bedfellows” willing to do business with each other.

 

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Fri, 09/12/2014 - 12:15 | 5210978 Dr. Engali
Dr. Engali's picture

I don't know where ISIS makes it's money, but I do know where they get their funding.... the CIA.

Fri, 09/12/2014 - 12:16 | 5210987 DetectiveStern
DetectiveStern's picture

Who's buying the Oil I wonder...

Fri, 09/12/2014 - 12:19 | 5211000 nope-1004
nope-1004's picture

Saddam tries to sell oil in Euros and gets obliterated from it?  Khadaffi in Libya?  Mubarak in Egypt?

ISIS steal American military equipment, secure oil fields selling the oil to finance terrorism and are allowed to do so and grow over a 3 year period?

I call bullshit.

 

Fri, 09/12/2014 - 12:19 | 5211016 NotApplicable
NotApplicable's picture

Hey now!

You're not supposed to connect these dots.

That's cheating!

Fri, 09/12/2014 - 12:24 | 5211033 Cacete de Ouro
Cacete de Ouro's picture

Why does one person always end up with all the hotels in the monopoly board game?

That's because that is the whole point of the game

Fri, 09/12/2014 - 12:27 | 5211052 fauxhammer
fauxhammer's picture

Obama has 4 prongs now?

 

Yesterday he had just 2...

Fri, 09/12/2014 - 12:40 | 5211110 Flagit
Flagit's picture

Its the Ebola Stratagem.

Every few days, the prongs double, until we hit Peak Prongs.

Fri, 09/12/2014 - 13:08 | 5211221 Pinto Currency
Pinto Currency's picture

 

 

This is quite funny.

The Israeli's say they call the Mossad the Israeli Secret Intelligence Service or ISIS.

Just imagine the "Who's on first" discussions at Mossad.  Obama is trying to switch to 'ISIL'.

http://www.c-span.org/video/?c4508223/isis

 

Fri, 09/12/2014 - 13:09 | 5211256 SamAdams
SamAdams's picture

More interesting from the cited website is "Iran and Iraq propose joint bank":  http://www.iraqenergy.org/news/?detailof=7222&content=Iran,-Iraq-to-Establish-Joint-Bank

Fri, 09/12/2014 - 13:50 | 5211309 Pinto Currency
Pinto Currency's picture

 

 

Imagine screening the ISIS guys at the Israeli field hospitals in the Golan:

http://www.siasat.pk/forum/showthread.php?267066-Mashallah-Israeli-Field-hospital-treating-ISIS-rebels-of-the-quot-Caliphate-quot-%29

Who do you work for?

ISIS.

You mean us or you work for us through Hillary?

...How confusing

Almost as confusing as IDF soldiers fighting for Neo-Nazis in Ukraine.

http://www.globalresearch.ca/ukraine-israeli-special-forces-unit-under-neo-nazi-command-involved-in-maidan-riots/5371725

Unless you wanted to tangle-up Russia in a crisis so that they would be less likely to step into an attack on Syria.

 

Fri, 09/12/2014 - 14:59 | 5211780 Paveway IV
Paveway IV's picture

Israeli interests go much further than merely tying up the eternal thorn in their side for their Middle East domination schemes: Russia. 

Israel seeks the destruction and dismemberment of Russia once and for all. Without Russian interference, Israel (through their U.S. proxy) would have had Syria, Iraq and Iran disarmed and pacified. There would be no competition for Israel's Eastern Medditeranian gas monopoly.

Putin can hold his own aginst feeble U.S./NATO encirclement attempts, but he will not tolerate either Mossad or the CIA skulking around Moscow stirring up dissent. Putin can laugh off the desperation in NATO's attempts to get him to invade Eastern Ukraine. He will not be so casual about Israel or the U.S. screwing around on Russian soil, and that's exactly what they're doing now.

China is next, so you know they're watching all this very closely. 

Fri, 09/12/2014 - 14:01 | 5211518 JRev
JRev's picture

More fucked up word games from TPTB, nice catch. When they started throwing the ISIS monicker around, I was immediately thinking Pakistani Inter-Services Intelligence, or ISI... ISI's? ISIS?

https://en.wikipedia.org/wiki/Inter-Services_Intelligence

ISIS, IS, ISL, Islamic State, or whatever they're being labeled today, were originally calling themselves the Mujahideen. Now where have I heard that name before?

"I, Isis, am all that hath been that is or shall be,
I, who made light from my feathers, The wind from my wings,
No mortal man hath ever unveiled me!"
-
Invocation of ISIS

Fri, 09/12/2014 - 14:15 | 5211561 nope-1004
nope-1004's picture

And this one too:  https://public.isishq.com/public/SitePages/Home.aspx

Your reference to the Mujahideen is explained here at the 10:00 mark:  https://www.youtube.com/watch?v=oMjXbuj7BPI

Fri, 09/12/2014 - 14:46 | 5211728 JRev
JRev's picture

Indeed. I casually watch MSLSD's Morning Joe on occasion, largely because Mika Brzezinski is a co-host. She has "Dad" on fairly frequently, always a fun listen. Evidently, Zbignew and Richard Haas were at the White House on Tuesday night before Barry's speech, "assisting" with foreign policy direction. Hmm.

Fri, 09/12/2014 - 14:43 | 5211717 Kirk2NCC1701
Kirk2NCC1701's picture

That's right, the MOSSAD report to the Israeli PM, under the name Israeli Secret Intelligence Service (ISIS).

The Brits don't like to be called MI-6.  They prefer SIS (Secret Intelligence Service).

Canada has its own "CIA", called CSISCanadian Security Intelligence Services, headed by Michel Coulomb -- who gets a real charge out of the job.  Shocking, I say.  Shocking.

Fri, 09/12/2014 - 14:57 | 5211772 Kirk2NCC1701
Kirk2NCC1701's picture

Ah, but did you get the last bit in the 1'58" version?  The Mossad's sensitive topic of Immigration... The Mossad's scope is not only for the protection of Israelis, but for the protection of all Jews in the world.

It's job is not only to gather info from Israeli Jews, but from all Jews in the world. This includes gathering intelligence about their host country -- all under the pretext of Jewish interests.  So, wherever they are, their TRUE and ULTIMATE allegiance is to the State of Israel, and its Mossad ("Institute" in Hebrew). In their case, being a Dual Citizen means Dual Rights, but Ultimate Loyalty only to One:  Israel.

Fri, 09/12/2014 - 23:55 | 5213318 StychoKiller
Fri, 09/12/2014 - 13:02 | 5211225 Say What Again
Say What Again's picture

How does one sell 1000s of barrels of oil a day on the black market?  Maybe you use invisible pipelines. Do you ship it in very dark Panamax ships?  Which makes me wonder if this has any influence on the Marine Indexes

Fri, 09/12/2014 - 13:22 | 5211310 James_Cole
James_Cole's picture

How does one sell 1000s of barrels of oil a day on the black market?

If there are buyers there are sellers, and there are always buyers. Most of the reporting I've seen doesn't look too closely at the buyers, but ships have a tendency to 'disappear' and then reappear. 

http://www.worldoil.com/Oil-bunkering-in-Nigeria-7-of-Nigerias-crude-oil...

150,00 bpd estimate

Fri, 09/12/2014 - 15:03 | 5211797 Paveway IV
Paveway IV's picture

Not to point any fingers, but who has been in the news recently for buying millions of barrels of half-price, stolen oil?

Fri, 09/12/2014 - 23:55 | 5213321 StychoKiller
StychoKiller's picture

You KNOW who, so why not just spell it out?

Fri, 09/12/2014 - 13:31 | 5211347 Falconsixone
Falconsixone's picture

Shhhh.....Hey buddy wanna buy a tanker of oil? ....Half price....You could make a lot of money....Just send your tanker around back and they'll take care of you.  Later......

Fri, 09/12/2014 - 14:10 | 5211559 PT
PT's picture

The capitalist sells the rope that is used to hang him.
The capitalist buys the oil that funds the terrrrsts that terrrrrrize him, errr, but only with the money he has left over after paying his taxes to fund the CIA that ...

Fri, 09/12/2014 - 14:14 | 5211583 PT
PT's picture

... but my Economics text book assures me that it is all okay.  By directly funding the terrrrsts, eventually they become rich and then they become fat and lazy and they can't be bothered terrrrrizing anyone anymore and then some cheaper, more efficient terrrrsts will rise up and-, ummmm, no, that's not it, ummm...., global trade will giv us werld peas!!!

Fri, 09/12/2014 - 14:27 | 5211659 orez65
orez65's picture

"The capitalist sells the rope that is used to hang him."

That is such bull sh.t!

It's so easy to just blame it on the "capitalists"

The whole fuck..g world needs oil to survive. Socialists, communists, mercantilists ... Even the fucki.g North Koreans.

I wouldn't call Assad a "capitalist", yet the article says that's who they are selling the oil to.

You are full of sh.t!

Fri, 09/12/2014 - 15:06 | 5211808 Falconsixone
Falconsixone's picture

Does anyone profit or do they give it away at cost or as a needed tool for the system to move "forward"? So they capitalize thus making  them capitalists?

Fri, 09/12/2014 - 16:14 | 5212086 James_Cole
James_Cole's picture

The whole fuck..g world needs oil to survive. Socialists, communists, mercantilists ... Even the fucki.g North Koreans.

One country sort of has an outsize demand for energy / oil (esp. per capita). See if you can spot them:

http://www.oceanchampions.org/blog/wp-content/global-oil-use.jpg

http://arabiangazette.com/wp-content/uploads/2013/01/how-does-american-e...

Fri, 09/12/2014 - 22:21 | 5213101 PT
PT's picture

orez65:

The communist has his rope taken from him but that's okay because it is going to be shared with the whole commune ...

Fri, 09/12/2014 - 13:08 | 5211252 tony wilson
tony wilson's picture

obarme has 4 prongs now...

 

NOBODY expects the Spanish Inquisition! Our chief weapon is surprise!... Surprise and fear... fear and surprise... Our two weapons are fear and surprise... and ruthless efficiency! Our three weapons are fear, and surprise, and ruthless efficiency... and an almost fanatical devotion to the Pope... Our four... no... Amongst our weapons... Hmf... Amongst our weaponry... are such elements as fear, surpr... I'll come in again.

Fri, 09/12/2014 - 14:01 | 5211521 taketheredpill
taketheredpill's picture

 

 

ISIS just opened a station around the corner from me.  Prices are VERY competitive.

Fri, 09/12/2014 - 15:43 | 5211990 sandhillexit
sandhillexit's picture

I thought we had experts on turning the financial screws?!  Are they being paid in metal moving across a border?  stop the transport.  Are they being paid at Turkish banks? Call Erdogan, give him three days, and then make it stick. (Of course it requires that the US, UK, FR, GER, ISR, KSR & SWI all are on board since Turkey has accounts in all of the above)  Are they being paid in Dollars? Shekels?  Riyals?

This isn't hard.  The Dollars sit in NY, the Lira sit in Istanbul and the Shekels sit in TelAviv.  Only the title to the account changes, through a formated message on SWIFT.  Are they opening new accounts once a week? Are they changing names on the accounts?  How are they moving the money to weapons suppliers?  NSA is spending billions harrassing Yahoo, but they can't sort out the wire transfer room at HSBC or Hapoalim?  And if the answer to the pop quiz is Riyals in Riyadh, then it is time to tell that small and inconvenient family business that we've had enough.  Give them 3 days and then make it stick.

Fri, 09/12/2014 - 13:52 | 5211469 SAT 800
SAT 800's picture

!! LOL.

Fri, 09/12/2014 - 12:19 | 5211018 NidStyles
NidStyles's picture

They were selling it for Dollars, and this is the inherent risk with Fiat currencies and morons in charge. Eventually you are making deals with crazy people because you are both too desperate to turn elsewhere.

Fri, 09/12/2014 - 12:25 | 5211039 Rory_Breaker
Rory_Breaker's picture

Yup you can run a human trafficking and organ trade business and the CIA won't care as long as you use USD

Fri, 09/12/2014 - 12:23 | 5211029 pods
pods's picture

So Assad is buying ISIS oil that they had ripped off from him?

They will do anything to drag that guy through the mud.  Whether he deserves it, idk, as I don't care what people do in other countries.

pods

Fri, 09/12/2014 - 13:47 | 5211431 TruthHunter
TruthHunter's picture

"I call bullshit."

Anybody notice how every turn in Ukraine calls for new sanctions?

Yet, I didn't hear Obama  mention sanctions even once  in connection with  ISIS. 

Never mind hip boots, i need a lifeboat.

Fri, 09/12/2014 - 14:00 | 5211499 sgt_doom
sgt_doom's picture
It does seem rather murky, now don't it?  Iraq War:  Version 2.0 The Jimmy Carter Directive:  Version 2.0   Some years ago, back in the 1990s, Zbigniew Brzezinski --- national security advisor to the Jimmy Carter Administration, gave a radio interview in France where Brzezinski boasted that Carter had issued a directive to destabilize the then-secular government of Afghanistan (this occurred in the late 1970s, you understand).  The plan, with the help of Saudi Arabia (those beheading-loving doods), was to relocate a whole bunch of Wahabist religious extremists (that's Sunnis) to Afghanistan's northern border with the Soviet Union in order to raise a ruckus (foment trouble, since the Muslims living there were followers of Sufi Islam, a more moderate form of Islam). 
The plan worked, and supposedly hastened the downfall of the old Soviet Union. Of course, Brzezinksi later claims he never gave such an interview, after the deadly attacks by Sunni extremists (al Qaeda) on the two American embassies in Africa, and the attack on that US Navy vessel off the coast of Yemen later, and the terrorist attacks in Bali, London, and oh yeah. . . those 9/11 attacks. Now, there has never been an outright denial, nor confirmation, from former President Carter, but if we view what is occurring in the present in the Middle East, in Syria, Iraq, Turkey, etc., it sure appears those ISIL (formerly known as ISIS) attackers are following the Carter directive, utilizing a pseudo-religious extremist platform to recruit extremists to their cause, which is to occupy and control Syria and Iraq (and maybe one day, who knows, perhaps Saudi Arabia?). Now, I don't claim to know nor understand the full story of what is going on, but can only follow the money flows, and the financing of ISIL or the Islamic State In the Levant (which I read about first in Nostradamus about thirty or so years back, oddly enough? ? ?) appears to come from Saudi Arabia and Qatar, and Saudi Arabia through Qatar. With the capture of various oil fields (small ones in Syria, larger ones in Iraq) and the Mosul Bank in Iraq, ISIL now has a number of independent revenue streams; millions of dollars per day from the oil, and an estimated one-half billion dollars --- and gold on hand --- from that captured Mosul Bank. The original arms came from, or were financed by, the American government, either mistakenly supposed to have gone to the Free Syrian Army, or purposely and knowingly shipped to ISIL? Regardless, it is a safe bet that any further arms shipment to Syrian rebels will also end up in ISIL's hands, which should make any and all apprehensive about the present strategy and tactics of the Obama Administration, assuming they are really adamant about degrading and destroying ISIL? One can safely infer that the reasoning behind Saudi financing of ISIL was to disrupt the governments of Syria and Iraq, who came under the influence of Iran (Shi'a), and perhaps that is why American weapons also ended up in ISIL's possession.  

Either way, this strategy appears as moronic and self-defeating (unless viewed from the POV of the global banking cartel and the Saudis) as the original strategy to invade Iraq because the US was attacked on 9/11/01 by a majority of Saudi Arabians, together with a small number of Yemenis with stolen Kuwaiti passports.

  Again, it is important to realize the outcomes of the invasions of Iraq and Afghanistan:  Iraq again trades its oil in US dollars (helping to bolster the USD as the world's reserve currency, given unprecedented economic power to the USA), allowing for foreign ownership of the Iraqi banking system and its acceptance of credit derivatives as valid financial instruments, and directing Iraqi oil to China in support of the multinational factories and processing facilities there. In Afghanistan, oil and gas pipelines now flow across that country to India, supporting the multinationals' factories and processing facilities in that country.

Fri, 09/12/2014 - 12:19 | 5211010 El Oregonian
El Oregonian's picture

Al-CIA-Da morphs into I-Sell (you oil)... to continue to rape, rob, and pillage mankind...

Fri, 09/12/2014 - 12:20 | 5211023 666
666's picture

I hope Israel enjoys the cheap oil while it lasts.

Fri, 09/12/2014 - 12:24 | 5211037 Dr Strangemember
Dr Strangemember's picture

Israel doesn't really need the benefit of cheap oil... they're a tiny country with tons of NG.   But I am picking up what you're dropping.

Fri, 09/12/2014 - 14:04 | 5211534 Jameson18
Jameson18's picture

Tons of NG that they are stealing from the Palestinians and Egyptians. They also don't need 12 billion dollars a year from the American tax payers but they steal that also.

Fri, 09/12/2014 - 13:14 | 5211272 tony wilson
tony wilson's picture

the rabbi is busy busy isis oil and the kurd stolen stuff.

 

Israel receives iraqs stolen  oil from the traitorious kurd

http://www.jpost.com/Diplomacy-and-Politics/Israel-set-to-receive-oil-fr...

Fri, 09/12/2014 - 14:03 | 5211527 Holistic
Holistic's picture

You cant steal whats yours and you cant be traitorious to your enemies, you should learn how to google.

Fri, 09/12/2014 - 13:08 | 5211247 Downtoolong
Downtoolong's picture

Who's buying it?

Someone making about $50/bbl on the spread, I imagine.

Gotta be at least one Israeli entrepreneur in that bunch too, I bet.

Fri, 09/12/2014 - 13:26 | 5211319 The Wizard
The Wizard's picture

That is my question. Does this mean that when I purchase petro I am supporting terrorists. Please don't arrest me, I didn't mean to!

Fri, 09/12/2014 - 13:44 | 5211420 Renewable Life
Renewable Life's picture

At $42 a barrel, everyone with a coffee can to a fucking tanker ship!!!

Most of the people on ZH I love, but most have only a western libritarian/conservative perspective on the world! It's why everyone screams CIA/Mossad every time something doesn't add up, but in order to truely understand WTF is going on in the non western world, you first must think and internalize a reality unlike anything your accustom too!

First off, it's fucking mythology that the CIA/Mossad/British Intelligence controls the fucking world and every square inch of ground on it, including water ways, airways, and international commerce!!

Secondly, in the non western world, only one fucking thing matters, power to secure wealth, period, no one gives a fuck about freedom, democracy, human rights, gay rights, racial equality, national loyalty, political history, military history, flags, or any fucking thing else that doesn't lead to power to secure wealth!! It's tribal, it's brutal, it's base human shit people, base level survival of the fittest shit!!!

It's how Ghadafi ruled, it's how Saddam ruled, it's how Assad rules, it's how Mubarak ruled, it's how ISIS is ruling, and it's how it's done in every other place in this planet, where human beings have no history or identity but to survive!

America and the West have no ability to operate in this reality, no power to control things on the ground, and no plan or context to succeed in this world, they never have and never will!! Places like the ME will be the graveyard of the West, like they have been for centuries!!

Bush thought he was going to bring "freedom and democracy" to the masses there, Obama thinks he can reason and negotiate with them, both these insane bullshit ideas have been met with the same utter defeat and disarray of our people and military. Winning battles and losing wars is a failed, insane, ridiculous strategy and it's been the MO of our Military for 30 fucking years now in the ME, starting with the Marine barracks in Lebanon up until today with ISIS!

The real situation is this, the West in absolutely powerless to succeed in any agenda they have in the ME, period! Once we embrace this reality and understand it, maybe we can move past this madness into a new future, but until then, get ready for more wasted wealth, dead bodies, and failure on a grand scale!!

Fri, 09/12/2014 - 14:09 | 5211560 Jethro
Jethro's picture

I regret that I have only one up-vote to give you.

Fri, 09/12/2014 - 14:20 | 5211605 PT
PT's picture

... like a wild donkey in the desert?  That no-one can tame?

Brings back vague memories from somewhere ...

Fri, 09/12/2014 - 14:27 | 5211651 JRev
JRev's picture

What you're describing is called the Strategy of Tension, a tactic of the British Empire and Anglo-American Establishment that you don't think has much power.

http://peacerevolution.podomatic.com/entry/2014-05-11T08_17_37-07_00

"It's tribal, it's brutal, it's base human shit people, base level survival of the fittest shit!!!"

Yes, indeed it is. Who came up with that term, "Survival of the Fittest?" Who came up with Social Darwinism? British eugenicists, maybe? Where'd they get that idea? Ever heard of or read Thomas Malthus? You make a lot of declarative statements, not many question marks; a trend in humanity that terrifies me.

https://www.youtube.com/watch?v=KoLDwKd6NW8

Fri, 09/12/2014 - 15:45 | 5211996 Radical Marijuana
Radical Marijuana's picture

I basically agree, Renewable Life, the temporary superiority of the European systems of organized lies operating robberies have now been imitated and hybridized by everywhere else that those methods were able to conquer and assimilate.

My view is that the advancing systems of lies backed by violence, amplified to astronomical sizes by more scientific technology, are now out of any human control. It is not merely that the previously dominate empires are losing control, it is that the basic structure of Neolithic Civilization is madly destroying itself. The "power to secure wealth" is destroying wealth at an exponentially accelerating rate. The "base level survival of the fittest shit" has paradoxically been powered up trillions of times by science and technology, in ways which have ended up becoming collectively suicidal.

Final failure from too much "success" is the direction in which we are all headed, where that fighting will destroy everything being fought over. There is a growing Grand Canyon of paradoxical contradictions flowing from human beings understanding general energy systems better and better, while none of that can be applied to human systems, since those had a history of their success being based upon deceits and frauds. The trajectory of scientific technology being primarily applied to become better at being dishonest and backing that up with violence is arcing over the whole world.

The temporary superiority at doing that which the Europeans developed, which enabled them to conquer the rest of the world, has now be spread everywhere, and everyone is now locking into that insane social spiral of being able to fight trillions of times harder to "secure wealth" in ways which no longer work. In theory, we should go through paradigm shifts in the ways that we understand the human systems of artificial selection, that developed from their sources in natural selection pressures. HOWEVER, the main ways that will actually happen ARE "more wasted wealth, dead bodies, and failure on a grand scale!"

I suggest that the genuine solutions are as paradoxical as the problems. Namely, we need better death controls, which requires us to understand the basic concepts regarding death controls in radically different ways. So far, we have developed science and technology first and foremost to make weapons to continue the "base level survival of the fittest shit" ... which becomes more insane at an exponential rate, since the Grand Canyon gaps between advancing science and technology, versus all of the other old-fashioned religions and ideologies keeps on getting bigger and BIGGER!

In my view, the only way that the Western world could regain real leadership is IF it went through some additional series of technological and political miracles. However, at the present time, it appears that the ruling classes in the Western world still believe in some of the most old-fashioned religions and ideologies. In my view, the ONLY thing that the Western world developed that was generally worthwhile was improvements to the scientific method. Furthermore, the ONLY way that could continue would be through being applied to better understand human societies. The problem is that doing that would necessarily have to overcome most of the established ways that old-fashioned religions and ideologies now interpret the world.

Nobody is ever going to be able to negate the forces of natural selection, which have at their "base level survival of the fittest shit." On the contrary, what is required is a series of intellectual scientific revolutions to profoundly change political paradigms, so that the forces of natural selection, as manifested through human systems of artificial selection could be better understood. HOWEVER, doing that requires admitting and facing the social facts that the real human history developed the established systems on the basis of the maximum possible deceits, and frauds, which, when amplified trillions times, have  become suicidally insane, rather than continue to be viable resolutions of the chronic political problems inherent in the nature of life.

Sat, 09/13/2014 - 00:09 | 5213347 StychoKiller
StychoKiller's picture

Hmm, bet you're a big hit at parties, whenever you open yer mouth!

Fri, 09/12/2014 - 16:12 | 5212082 pacu44
pacu44's picture

23 years in IRAQ and we dont control every oil field.... WTF were we doing? I thought thats how we were gonna get paid back? Cake walk they said.... Paid back they said... All I see is a bunch of our guys dead. . .

Fri, 09/12/2014 - 12:20 | 5211017 V in PA
V in PA's picture

Just like the poppy fields in Afganistan, the CIA is now getting some more 'dark' income selling oil through ISIS. 

Fri, 09/12/2014 - 13:02 | 5211226 rubiconsolutions
rubiconsolutions's picture

And here I thought they just put their money in certificates of deposit or money market funds. These are after all low risk investments.

 

 

/s

Fri, 09/12/2014 - 13:12 | 5211265 Lostinfortwalton
Lostinfortwalton's picture

There is no physical oil involved ISIS is a trading desk in Chicago manned by the towelhead behind Rick Santelli.

Fri, 09/12/2014 - 13:17 | 5211255 Chupacabra-322
Chupacabra-322's picture

@ Dr. Engali,

"I don't know where ISIS makes it's money, but I do know where they get their funding.... the CIA."

Don't forgot the arms & training. The most centrical part of Soverign Nation Destabilization Campaigns. Lets see what else this Pure Evil Psycopathic Lucerferian organization operates:

911
Torture
Murder
Drug Trade
Arms Trade
Money Laundering
Espionage
Soverign Nation Destabilization Campains
Illegal Spying
MK Ultra Mind Control

Please feel free to add to the list.....

Fri, 09/12/2014 - 16:26 | 5212129 post turtle saver
post turtle saver's picture

hi kids! the word for today is 'fungible'... f u n g i b l e... fungible... now you try it!

Fri, 09/12/2014 - 12:14 | 5210983 Dr Strangemember
Dr Strangemember's picture

They sell weed too, right????

Fri, 09/12/2014 - 12:15 | 5210984 Mercury
Fri, 09/12/2014 - 12:16 | 5210994 Aleedsfella
Aleedsfella's picture

Oh fuck off Obuma, ISIS are as real as Unicorns, just a fake enemy to allow NATO to invade Syria.

Fri, 09/12/2014 - 12:18 | 5211008 NotApplicable
NotApplicable's picture

I'm having a hard time imagining the difficulty behind stopping someone smuggling 80k barrels of oil per day.

Fri, 09/12/2014 - 12:19 | 5211013 p00k1e
p00k1e's picture

How is ISIS avoiding the 'know your customer laws' and at almost $100,000,000 a month, the suspicious activity reporting system?? 

Fri, 09/12/2014 - 12:28 | 5211055 williambanzai7
williambanzai7's picture

Barclays

Fri, 09/12/2014 - 12:33 | 5211076 Cacete de Ouro
Cacete de Ouro's picture

ISIS can get a few compliance officers from RBS. They're going cheap at the moment and they know how to look the other way. It can even be an internal transfer from HM Treasury to SIS aka MI6

SIS run ISIS. Confused? SIS is Vauxhall

Fri, 09/12/2014 - 12:21 | 5211019 HamRove
HamRove's picture
CIA musta did a head count after training camp.

ISIS can 'muster' between 20,000 and 31,500 fighters, CIA says

http://www.cnn.com/2014/09/11/world/meast/isis-syria-iraq/index.html

Fri, 09/12/2014 - 12:21 | 5211025 Frank N. Beans
Frank N. Beans's picture

i'm pretty sure $40/barrel is less than the cost to extract it, so how is this going to end up? 

Fri, 09/12/2014 - 12:24 | 5211035 Rory_Breaker
Rory_Breaker's picture

With a lot of bloodshed as usual

Fri, 09/12/2014 - 12:36 | 5211094 Flagit
Flagit's picture

Do you have an outlay for the cost of production? I am sure that wages somehow factor into that. Does ISIS even pay their members?

Fri, 09/12/2014 - 12:48 | 5211173 GeorgeWKush
GeorgeWKush's picture

According to the great internet an ISIS fighter earn 400$ a month.

Fri, 09/12/2014 - 13:04 | 5211244 Lostinfortwalton
Lostinfortwalton's picture

How about the ISIS oil worker? I mean, they gotta have them, right?

Fri, 09/12/2014 - 12:21 | 5211026 Cacete de Ouro
Cacete de Ouro's picture

You say IS ISIS
I say IS ISIL
You say AL QAEDA
I say AL CIADA
IS ISIS, IS ISIL,
AL QAEDA, AL CIADA
Let's call the whole thing off

Fri, 09/12/2014 - 12:28 | 5211056 graftvshost
graftvshost's picture

Set fire to all the oil wells!

That'll teach em.

Fri, 09/12/2014 - 12:34 | 5211083 newdoobie
newdoobie's picture

And the resulting smoke will help cool down the planet - win, win!

Fri, 09/12/2014 - 12:28 | 5211059 El Vaquero
El Vaquero's picture

Without outside support, this will not last.  Where's the upstream spending?  What are they going to do when the equipment needs parts for maintenence?  Either they get outside support on this shit, or they will deal with their capacity waning.  If they're not pumping at full capacity, that gives them a buffer, but they still need that outside support. 

Fri, 09/12/2014 - 12:30 | 5211067 Sudden Debt
Sudden Debt's picture

Explains why Turkey doesn't want to fight ISIS :)

I also don't see a reason anymore why we figth them!

1. The saudi's sell it to us for 100 dollars
2. They don't give a fuck and sell it for 40 dollars

Both make money but only one is making a crazy profit that costs to much to our economy.
The saudi's...

So...

LET'S BOMB THE SAUDI'S!!!!!!!

Fri, 09/12/2014 - 12:30 | 5211070 Flagit
Flagit's picture

 

 

 

By selling the oil on the black market at a discounted price of $40 per barrel

 

OMFG. Peak Lunacy?

10,000 comedians out of work, and these fuckers don't ever take a break.

$50 says the USSA is the one gobbling up barrels at these prices, and another $50 says the Smails kid picks his nose.

Fri, 09/12/2014 - 12:55 | 5211088 Youri Carma
Youri Carma's picture

EU Ambassador to Iraq Admits: We're 'Funding ISIS' By Buying Their Oil!
5 September 2014, by Oliver Lane (Breitbart)
http://www.breitbart.com/Breitbart-London/2014/09/05/EU-Buys-ISIS-Oil-Am...

Former Libya Rebels (read ISIS) Keep Oil Flowing Amid Islamist Surge
3 September 2014, by Maher Chmaytelli (Bloomberg)
http://www.bloomberg.com/news/print/2014-09-03/former-libya-rebels-keep-oil-flowing-amid-islamist-surge.html

ISIS=Israeli Secret Intelligent Service http://www.c-span.org/video/?c4508223/isis
Fri, 09/12/2014 - 12:38 | 5211093 alexcojones
alexcojones's picture

ISIS beheads (allegedly) 2 journalists. BUT

Where exactly are the writings/ reportings of these two "Journalists"?

ToNY WilSOn & WilliAM BanZAI are more like REAL Journalists then these two fucking frauds ever are/ were.

Sotloff Was An Israeli Agent, Beheading Staged

 

Fri, 09/12/2014 - 13:57 | 5211490 dsty
dsty's picture

 

staged?

ya right, it was staged

and I suppose the CIA wrote the Koran with it's beheading teachings

Beheading Infidels: How Allah ‘Heals the Hearts of Believers’

As usual, to understand the significance of any Koran verse, one must turn to the sira andhadith—the biography and anecdotes of Muhammad, respectively—for context.

Thus we come to the following account concerning the slaughter of ‘Amr bin Hisham, a pagan Arab chieftain originally known as “Abu Hakim” (Father of Wisdom) until Muhammad dubbed him “Abu Jahl” (Father of Stupidity) for his staunch opposition to Islam.

After ‘Amr was mortally wounded by a new convert to Islam during the Battle of Badr, Abdullah ibn Mas‘ud, a close companion of Muhammad, saw the “infidel” chieftain collapsed on the ground. So he went to him and started abusing him. Among other things, Abdullah grabbed and pulled ‘Amr’s beard and stood in triumph on the dying man’s chest.

According to Al-Bidaya wa Al-Nihaya (“The Beginning and the End”), Ibn Kathir’s authoritiative history of Islam, “After that, he [Abdullah] cut his [‘Amr’s] head off and bore it till he placed it between the hands of the Prophet. Thus did Allah heal the hearts of the believers with it.”

This, then, is the true significance of Koran 9:14-15: “Fight them, Allah will torment them with your hands [mortally wounding and eventually decapitating ‘Amr], humiliate them [pulling his beard], empower you over them [standing atop him], and heal the hearts of the believers, removing the rage from their hearts [at the sight of his decapitated head].”

 

http://pjmedia.com/tatler/2014/09/12/beheading-infidels-how-allah-heals-the-hearts-of-believers/

Fri, 09/12/2014 - 12:42 | 5211130 bigrooster
bigrooster's picture

Who the fuck is selling them weapons and banking their money?  It is not like it is hard to track 3.2 million a day in deposits.  Shit if the NSA is spying on everyone they should know exactly where the money is and freeze it.  Then send some drones bomb any weapons suppliers.  It is almost as if the federal government does not want to stop ISIS, but rather keep them around to justify military spending.

 

"The oil revenue, which amounts to nearly $100 million each month, allows ISIS to fund its military and terrorist attacks — and to attract more recruits from around the world, including America."

Fri, 09/12/2014 - 12:59 | 5211212 BurningFuld
BurningFuld's picture

It all goes through the Not so SWIFT system...impossible to track!

Fri, 09/12/2014 - 14:51 | 5211742 oddjob
oddjob's picture

Track the ____ instead.

Fri, 09/12/2014 - 13:34 | 5211362 stacking12321
stacking12321's picture

they can't freeze it, because isis is using BITCOIN!

Sat, 09/13/2014 - 00:20 | 5213363 StychoKiller
StychoKiller's picture

So, if ISIS/ISIL/IS is paying more than $15/hr, how many "folks" will go to where the jobz are?

Fri, 09/12/2014 - 12:44 | 5211144 BandGap
BandGap's picture

The Germans sold military optics to the British during WW1. Nothing has changed. A buck is a buck. Sigh.

 

Fri, 09/12/2014 - 12:48 | 5211160 NuYawkFrankie
NuYawkFrankie's picture

re Obama's 4-pronged strategy...

Stick a fork in it.

Fri, 09/12/2014 - 12:49 | 5211171 carbonmutant
carbonmutant's picture

I wonder if the EU is funding ISIS to get the oil?

Fri, 09/12/2014 - 12:51 | 5211183 jacship
jacship's picture

" Money for nothing, and heads for free "

"  That's the way to do it "

" on the MTV "

Fri, 09/12/2014 - 12:56 | 5211204 WarPony
WarPony's picture

Goldman no doubt doing god's work.

Fri, 09/12/2014 - 13:03 | 5211223 jacship
jacship's picture

You can bet ISis backers are going to do their bidding, and resale their oil for a profit

you know the list of backers

There's only a handful of countrys that doesn't need oil, but that doesn't mean they can't profit from it

Fri, 09/12/2014 - 13:04 | 5211235 bsdetector
bsdetector's picture

80,000 barrels per day doesn't get smuggled away in the dark of night. Big players must be involved with this operation and they have no interest in halting the flow. Those players are making a boatload of money buying at $40 and selling at $92. The US government has to know who the players are. Why can't they be stopped?

Fri, 09/12/2014 - 15:06 | 5211813 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Piece of the action!

The banksters honed their skills on illegal drugs, they are now applying these methods to the illegal oil trade.

 

Fri, 09/12/2014 - 13:12 | 5211241 SmittyinLA
SmittyinLA's picture

The US is financing ISIS through Kurd terrorist intermediaries http://www.courthousenews.com/2014/07/30/69947.htm

We pretend to NOT notice, we even pretend their ship has cloaking capabilities, we got an asshole lying criminal terrorist financing government.

It gets better there's lot of other ships http://www.ibtimes.co.uk/us-company-admits-buying-kurdish-crude-oil-befo...  

US-based asphalt maker Axeon has confirmed it imported a cargo of Iraqi crude oil in June.

(they didn't pay the Iraqis, makign that shipment "black market) 

So why aren't we prosecuting the shippers? And who the fuck is  Marine Management Services? http://www.platts.com/latest-news/shipping/erbil/iraq-to-sue-greek-shipp... lemme guess a Delaware corporation, right?

and refiners? 

 

Fri, 09/12/2014 - 13:11 | 5211262 astoriajoe
astoriajoe's picture

Oil, more addictive than heroin.

Fri, 09/12/2014 - 13:24 | 5211292 tony wilson
tony wilson's picture

is this a cash in hand company

how do they transport the wages around in a pick up truck.

 

isis office worker

chemical import depts

oil engineers

paki and indian workers

more engineers

thousands of oil workers

isis shipping

isis city of london sailing insurance offices

bank of international rothschild settlements accounts

swift accounts

credit facilities

gas and oil

storage facilities

security guards

cleaners

doctors nurses.

head cutters

jobs

into infinity

so many questions

so little information in rupert murdochs vice isis tv shows

logistics

logistics

logistics

or lack of

init

Fri, 09/12/2014 - 13:21 | 5211302 Falconsixone
Falconsixone's picture

They make it the old fashioned way they earn it. At Smith Barney.

Fri, 09/12/2014 - 13:23 | 5211316 Falconsixone
Falconsixone's picture

 Morgan Stanley....whatever ha

Fri, 09/12/2014 - 13:24 | 5211320 Pimp Daddy
Pimp Daddy's picture

ISIS is at least employing people for Gods sake (or Allahs). From what i can tell they have a creative design staff, futures traders, public relations manager, procurer, chief of staff....

Fri, 09/12/2014 - 13:30 | 5211345 I Write Code
I Write Code's picture

So if they cool their jihadi jets they could more than double their revenue.

Hmm, ...

Fri, 09/12/2014 - 13:57 | 5211408 dsty
dsty's picture

 

 

Fri, 09/12/2014 - 13:43 | 5211415 Elliptico
Elliptico's picture

HSBC Control Room: "Captain, the money laundering engines are going supernova!  We cannot excercize proper control or oversight."

Kirk: "Excellent!  We party in the Hamptons sector this evening."

Fri, 09/12/2014 - 13:52 | 5211465 olle
olle's picture

IS are bilding a decentralized state, small local governments, no capital city where the main government is to be found....more like internet.... it´s a network. So there is is no head on the snake to be found and cut off... They make revenue on taxes, oil, crops, kidnapping and others... but you never know where the central power is, or even if there is one... 

Fri, 09/12/2014 - 14:05 | 5211545 thamnosma
thamnosma's picture

Raqqa, Syria is considered the IS "capital", but in general you are correct.  IS cannot be "toppled" in the traditional sense.

Fri, 09/12/2014 - 13:56 | 5211485 Jano
Jano's picture

Where ISIS Makes Its Money
This headline should be:
Where CIA Makes Its Money

Fri, 09/12/2014 - 13:57 | 5211492 roadhazard
roadhazard's picture

I'll ask the question again. How is oil frm ISIS allowed to be sold/shipped. Now don't tell me about people who don't care or people who support them. I want to know WHY they are not being stopped one way or the other by people who DO supposedly care that they finance themselves with oil money. I would sanction the people buying the oil and sanction the country representing the flag the tanker is flying under or disable the tanker. It would be easy to make it not worth dealing in ISIS oil.

Fri, 09/12/2014 - 13:57 | 5211494 SAT 800
SAT 800's picture

What a fucking joke. The US Govt. knows how much you spent at Target last weekend, but they can't get a control on the illegal oil sales of ISIS. Yeah, sure, I believe that. I believe everything the .Gov tells me.

Fri, 09/12/2014 - 15:12 | 5211847 I Write Code
I Write Code's picture

Better than that, they know what I'm going to spend at Target *next* weekend.

Fri, 09/12/2014 - 14:05 | 5211532 thamnosma
thamnosma's picture

How can they continue to call IS a terrorist group?  At this time, it controls almost the entire Sunni region of the former Iraq and a third or more of Syria, including Raqqa, the "capital".  It now runs infrastructure, including dams, power grid, oil production facilities, food distribution and roads.  How is that different from a "state".   In short enough time it will be issuing its own currency if not having done so already.   Terror "groups" don't hold territory or maintain administrative structures.

 

I suppose when Libya is finally controlled by one jihadist faction or another, Libya and IS can exchange ambassadors and open embassies.

Fri, 09/12/2014 - 14:08 | 5211555 GoldbugVariation
GoldbugVariation's picture

I call bullshit propaganda on this.

It costs more than $40 per barrel to keep those oil wells working and pump that stuff outta the ground.

And you can't sell crude oil to local 'consumers'.  They want gasoline ... not crude.

Fri, 09/12/2014 - 15:11 | 5211840 I Write Code
I Write Code's picture

When you don't have to amortize the cost of exploration, drilling or equipment, the marginal cost of production is generally going to be quite low, I mean just the electricity (or whatever) to keep the pump moving.

Fri, 09/12/2014 - 15:27 | 5211926 besnook
besnook's picture

with all normal costs factored in iraqi only cost <10 dollars/barrel to extract. when you don't have to pay any normal costs it is a lot cheaper. exxon is still getting their vig. they wouldn't allow this unless they did.

Fri, 09/12/2014 - 14:12 | 5211572 BGO
BGO's picture

Just when you thought the ISIS-ISIL-IS drama couldnt become more ridiculous...BLAMO!

Now ISIS-ISIL-IS is a black market oil dealer? And there's nothing that can be done about it. Nothing. FFS.

Fri, 09/12/2014 - 14:24 | 5211632 Joe Tierney
Joe Tierney's picture

They shooda used FAE bombs on ISIS when they had the chance.

 

Would that be called a mist opportunity?

Fri, 09/12/2014 - 14:40 | 5211702 paint it red ca...
paint it red call it hell's picture

Let me get this straight, with satellite based technology we are told they can track a taliban officer back to a compound, we can survey the globe for resources, we can track and launch anti missile missiles against supersonic targets.

Why pray tell can they not track 10,000 or so barrels of oil from it's source to a black market destination across a desert, by rail or on a tanker from port??????????????????

Who makes this stuff up???

Fri, 09/12/2014 - 15:24 | 5211913 besnook
besnook's picture

BULLSHIT!!! oil does not just come out of the ground with a hand pump that can be powered by a camel. it takes a lot of expertise from semiskilled labor to highly educated engineers to logistical and market specialists to financial systems to run the money. isis is doing this? BULLSHIT!!!! all the workers must be hostages and the sales must be cleared through a criminal banking network, right? BULLSHIT!!!!!!

Fri, 09/12/2014 - 20:09 | 5212759 Rootin' for Putin
Rootin&#039; for Putin's picture

The thing is, they sell it for 40 bucks and are still making money.  wtf do the oil companies waste the other 60 on?

Sun, 09/14/2014 - 16:15 | 5216884 IronForge
IronForge's picture

They should sell it at 60-75/BBl

Call it a Premium based on the present "US Invasion"

Wed, 09/17/2014 - 08:52 | 5225744 percyklein
percyklein's picture

Just asking: Why do we not make destruction, through bombing, of oil field production under ISIS control our prime target? Why is that hard to do? Is it thought that it would be too easy for ISIS to repair such damage? One would think it would not be easy given ISIS's limited tech capabilities. And it would cut off $3.2 million a day in ISIS income if this story is accurate. Wouldn't most of the OPEC countries think such a result would be just great? Why do we hear nothing about doing this?

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