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Crude Rises On News ISIS Has Entered One Of Baghdad's Suburbs
Just like the German-economy crushing Ukraine civil war, which promptly faded into obscurity, so the mainstream appears to have bored quickly with the recent developments surrounding ISIS, with conventional wisdom inexplicably convinced that US airstrikes have managed to stop the Al-Qaeda 2.0 menace dead in its tracks. Nothing could be further from the truth.
But while the western world couldn't care less about the fate of some backwater town on the border between Syria and Turkey, it certainly cares about what happens to the Iraqi oilfields located south of Baghdad (which serve to determine the marginal price of oil around the world). Well, the world may not care, but crude traders certainly do, and the reason why oil appears to be rising in recent trade...
... is due to news that ISIS militants have infiltrated one of Baghdad's outer suburbs, Abu Ghraib which is only eight miles from the runway perimeter of Baghdad's international airport.
CBS reports that the arrival of ISIS is cause for serious concern now that the Iraqi Defense Ministry has confirmed ISIS has MANPADs, shoulder fired anti-aircraft missiles.
The Iraqi army is still patrolling Abu Ghraib, but they play cat and mouse with the ISIS fighters who stage hit and run attacks on security forces.
It's a mixed picture around the city. ISIS took over the city of Fallujah -- only about 40 miles west of Baghdad -- in January, and the Iraqi security forces have fought in vain for a year to force them out.
As noted above, in the latest embarrassment for Obama, instead, and in spite of weeks of U.S.-led airstrikes, ISIS has gradually extended its reach. The extremist group is now either present or in control of a huge swath of countryside, forming a 180-degree arc around the Iraqi capital from due north around to the west, and all the way to the south. Around this zone there have been skirmishes, and occasionally heavy fighting, with Iraqi security forces and Shiite militias battling ISIS.
If ISIS has indeed arrived, it is likely that things will rapidly move from here, as Baghdad contains numerous ISIS sleeper cells that carry out almost daily bombings and assassinations.
An Iraqi officer told CBS News that the airstrikes are helping to clear an ISIS-free buffer zone around the city, where there are Iraqi boots on the ground. In fact, there are 60,000 men assigned to defend the capital, and CBS News correspondent David Martin reports that there are 12 teams of American advisers deployed with the Iraqi brigades.
LOL "advisers." The same advisers who estimate that the Iraqi army will fight for the capital and there is no real concern that Baghdad is in imminent danger. Alas, any bets that the Iraq army can do anything do oppose ISIS can only generate deep laughter: "as at least three major Iraqi military debacles have shown over the past five months -- the most stunning being the quick fall of Mosul in the north -- the army is plagued with problems of poor leadership and endemic corruption that undermine their effectiveness as a fighting force."
As Martin reported from the Pentagon on Thursday, due to the relatively poor performance of the Iraqi troops west of Baghdad, the airstrikes are having a limited impact.
For those who have lost the plot line by this point, here is a summary: the US is blaming the army that the US spent billions to equip and tradin for being unable to defend against a jihadist force that the US spent billions to equip and train.
Meanwhile, the US is closer and closer to losing the laughable "adivser" moniker, and calling the local boots on the ground for what they are. It got that much closer to doing that over the weekend when the US used Apache attack helicopters -- for the first time in the fight against ISIS -- in Anbar province on Sunday.
Last week, the fighting in Anbar verged on a rout of the Iraqi army, Martin reports. In the past few days the ISIS offensive has slowed, but analysts aren't sure if that's because ISIS is overextended or are simply taking an "operational pause" while they reposition for the resumption of the offensive. Judging by the sudden renaissance of oil, at least it is clear what crude traders are thinking right about now.
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Watch soon Putin will be blamed for aiding ISIS and manipulating the price of crude cause of it.
Of course is crude is rise... Kurdish people is f*cking angering and is let everyone to know it!
note to author of article : it's couldn't care less
Welp, there goes the neighborhood! Marsha, I toldja we shoulda opened that BBQ rib shack to keep them kind away.
PS As if the Baghdad suburbs is where the oil wells be, huh? Sometimes markets amaze me.
Relax, obombu has it under control
What? The deal with ISIS or the other disease?
Should the manpads that ISIS has be called Imanpads?
Would Apple sue?
Whew
Thought you said Brownsville
Looking at the wiki maps leaves me with the impression that IS is expanding on virtually all fronts at the moment. No wonder why the MSM seems to have stopped reporting on this story.
That and the fact that it's now Obomba's war, and you know they're still partial..
How can anyone expect the USSA to contain ISIS in Iraq when Obummer's goal is to overthrow Assad in Syria?
The pipeline has top priority!
Markets never amaze me, knukles; seen it all twice, and I'm sure I'll see it again, whatever it is; these popular web magazines, now they do amaze me.
Isn't Abu Graib where our queer soldiers would diddle the Iraqis?
Yep. "They" say the prison is closed now. Yeah, right.
Ah, but you should have reasoned thusly; the author couldn't care less, that's why he didn't pay attention in school, so he's not going to learn anything today, either. cheers.
Not too late in OBlameo's term for another Iran hostage embarrassing episode in Iraq
Winning
Which would complete his parallelism as the mulatta Jimmy Carta (sic)..
InjectTheVenom:
http://www.youtube.com/watch?v=8Gv0H-vPoDc
Damned-straight...
Must be nice to know what the "reason" for things is; I don't pretend to know. your explanation is as good as any, Boris, and more entertaining than most.
Boris, OT: will the Kievans play nice now?
Kievan is all how you say, "slushed", wait until is all passing out and then is play nice:)
Just bought three rail cars of crude for Feb.'15 Delivery @$84.55, don't know what the article refers to; the futures haven't moved noticably. I ran into this article after I put the position on. I did it because the shape of the down slope inflected and became too steep and because there's too much volume and open interest in a back month like Feb.15. These are indicators the price action, (downward), has become a pure speculator event, (trend followers), who always get their ass kicked. Making money on t he Feeder Cattle trade posted here yesterday. This is the one I reccomend to ordinary people who don't want to do this for a job, because after the first week when you can see it's going in the right direction, you can put in a zero loss stop order and then just forget about it. Once a month you can check t he price and chuckle to yourself at your funds increasing. The "job" in this case, consists in waiting, almost a full year !!, in t his case, for the price to become impossible; eg. nobody is actually going to pay this much for feeder cattle in April '15; so you can just short it and forget it. Stawk market not offering any opportunities today; it's a wait and see. if the buy the dippers bid it up again, we'll short it again. As you can see it's not necessary to predict anything; you just react to WHAT IS.
What happens next, should ISIS overrun the $810 million dollar US Embassy in Iraq and take hostages?
ISIS song by Iman Gaye:
Sunni, yesterday
My heart was filled with rain
Sunni, you smiled at me
And really eased the pain
Oh, the dark days are done
And the bright days are here
My Sunni one shines so sincere
Oh Sunni one, so true, I love you
Sunni, thank you
For the sunshine bouquet
Sunni, thank you
For the love you've brought my way
You gave to me your all and all
Now I feel ten feet tall
Oh Sunni one, so true, I love you
Sunni, thank you
For the truth you've let me see
Sunni, thank you
For the facts from A to Z
My life was torn like wind blown sand
Then a rock was formed when we held hands
Sunni one so true, I love you
Sunni, thank you
For that smile upon your face
Sunni, thank you
For that gleam that flows with grace
You're my spark of nature's fire
You're my sweet complete desire
Sunni one so true, I love you
/sarc
Goldman probably cut a deal with ISIS.
"good. we need some inflation. now can we pay them to kill thousands of people and blow up some oil terminals" - yellen
I think we're waiting for ISIS to slaughter all...then we can get down to business for real.
Considering ISIS is selling barrels of oil for $40-50 a day, shouldn't oil prices be going down?
That was a news anouncement, XqWretch; in other words it was a cover story for the fact that the hundreds of millions of dollars are coming from Saudi Arabia, Qatar, and the CIA; not from a couple of tank trucks frull of crude. Ok ? Remember, if it was in the news; it was a lie. sorry, if I didn't understand you were being sarcastic.
Not yet. Wait until ISIS enters the ETF business...
Shit. Is it all right, if I hope that doesn't actually happen? You get some really evil ideas in your head, don't you ?
LOL. You would too if you follow the money.
"Contained."
How many ISIS soldiers can fit in a 55 gallon drum?
cracking me up knukles. be interesting to find out.
Whole or in pieces?
Other alternatives include freeze dried and pureed. As well as incinerated.
I'm an adviser. Here's how to fire this weapon. See? I just killed that enemy. Now you try it.
"Point it THAT way."
Hey, I can say stuff like that, too. How much do those advisers make, anyway?
Lots; you'd be amazed. but sometimes they get dead.
"We have to arm them to find out what they will do with the arms"
In Dearborn they wave them all over and make a funny "woo-woo-dling" sound ....
Sound like the Brazilians with their vulvas ...
Gotta admit, every once in a while that whole Eugenics stuff of Gates seems to make sense....
Eugenics doesn't make sense; knukles, you know people have never succeeded in breeding better cows or horses; so how could it work? /sa.
That's what we said in Georgia (Caucasus) in 2008, and it worked so well then, too.
Good thinkin'.
Hey....ISIS....We are waiting for you in Texas....Bring it Bitchez
speaking of Texas...when are those c'sers gonna man-up and secede already ?! Seems like a no-brainer to me . . . .
Well then we would have to take out Mexico.....Or is that texico or exxon.....I always forget who rules this world
My ruger 22....I eat....My SKS....I can't take down a tank.....But I can take down an army
I remember seeing some military woman's vacation pictures from Abu Ghraib a while back.
Didn't look too inviting...
These ISIS fighters are just like the J.V. squad at any school. That's why the CIAduh is recruiting 3,400 new players per MONTH.
Obama: We underestimated ISIS | New York Post
Why America Is Losing The Online War With ISIS - Business Insider
Makes me tingly up and down my leg
no thats the Ebola
Just don't scratch. I hate when my skin just dissolves in my hand.
The good news is the bleeding from my eyes is just down to a trickle.
You should get that checked out
Syria, Iraq, Pakistan, Afhanistan, Libya are just hell holes. And ... it's just the very, very beginning. At least the EU will also turn into a hell hole.
The Frenchies got away cheap this year without the banlieues burning to the ground, no?
Its climate change .... cool summer you know.....
Well, they have to deal on a daily basis with "Hollande" which is a horror show in itself. The Americans of course have to deal with the coke sniffing homosexual clown Obama. Indeed, misery everywhere ...
Obama gets money for Syrian Rebels. ISIS takes half of Iraq and and Syria.
Obama gets turned down for money to Syrian Rebels. ISIS stalls in front of Baghdad.
Obama gets another 500 million for Syrian Rebels. ISIS rampages through Syria and into Baghdad.
Hmmmmm....
Back when ISIS killed an Iraqi general in battle in the fringes of Baghdad, I did what so few others do: looked carefully at the maps. Then I laughed. The general was killed in a town the U.S. has fought over before, with a nice NY Times article from 2003 to go with it. But the funny part is this: That town is 15 miles from the U.S. embassy.
It is quite obvious to anyone who can read a map that ISIS has not attacked the U.S. embassy not because they cannot, but because they will do so when the timing is of maximal advantage for them.
Imagine if ISIS had already mounted a stiff assault on the Green Zone--such an outcry--and the U.S. would be able to respond with airstrikes, drones, special ops and say that things are under control.
But now....now, (as Khan would say)......
NOW when ISIS decides to go into the Green Zone the U.S. and its allies have already done what can easily be done. NOW, now.......how feeble the U.S. will appear, or indeed actually be.
What additional response could there be? Do I hear marching feet, and see unphotographed coffins in C-130s? Am I looking past, or forward?
Seems rather dim in either direction.
ISIS is playing us like a fiddle. What the Saudis actually want or can control (for it was to be their lap dog after all) remains the riddle. If ISIS was to growl at Iran, Shiite militias in Iraq, or even Hezbollah....well....bad doggie.
good to see you, jim. thank you for all your info in the past on fuku. you've taught me a great deal.
Riddle me this: Why does the ISIS -ISIL flag boldly say:
"All Jew! 20z0" ? Look in the white circle and tell me I'm wrong.
Images for isis flag
You sir, have a demented mind. I like the way you think!!!
It reminds me of South Vietnam from 1974 to 1975.
"Vietnamization" of the war did not work.
By the by, when does the last helicopter leave the USA embassy in Iraq?
i think there should a ZH pool winner gets a free T shirt or something
What do you mean Viet Naminization didn't work!?!?! It worked so well, they are trying the same thing with the moderate rebels in Syria.
GeeZee PeeZee. Didn't they teach you critical thinking in your Common Core curriculum as a youngster? [/sarc]
Manpads. How could they have possibly gotten their hands on antiaircraft missiles? //sarcasm.
The thing that is going to be "amusing" to watch is the utter shock and surprise on the American News Networks when plane start falling out of the air there.
Since the news writers are more interested in Reddit, League of Legends, and Call of Duty Ghost fucker, they have no understanding of how American foriegn policy is linked from one middle east shit hole to the next.
You think crude is high now. Wait until they take Basra, and the Ayotollahs feel they have to move in from Iran.
All this goes back to 1258
http://www.executedtoday.com/2009/02/20/1258-al-mustasim-the-last-abbasi...
Hulagu Khan] set a golden tray before the Caliph and said: ‘Eat!’ ‘It is not edible,’ said the Caliph. ‘Then why didst thou keep it,’ asked the King, ‘and not give it to thy soldiers? And why didst thou not make these iron doors into arrow-heads and come to the bank of the river so that I might not have been able to cross it?’ ‘Such,’ replied the Caliph, ‘was God’s will.’ ‘What will befall thee,’ said the King, ‘is also God’s will.'”
IS is not political , military or economic .
It is driven by religious fervor . Fanaticism .
If anybody is insane enough , they can revive the Yassa .
see http://andreswhy.blogspot.com/2014/04/treasures-of-ghenghis-and-yassa.ht...
The Chinese will prefer a nuclear war before that .
Wow; that's perfect. The Mongols were definitely underrated. they civilized China in the first place.
Where's Baghdad Bob when you need him?
Shouldn't that read, "Oil needs to go higher. ISIS news fabricated to justify what it moves higher on"?
at the very least those US advisors can target air strikes, while the situation on the ground is fluid. the real question is how many Sunnis are embedded in the Iraqi army. (same situation in Afghanistan, the Taliban is everywhere) we'll just have to wait until the form their own state, elect a leader and name a capital, and then we can bomb the shit out of them
If it's like any of the suburbs of Chicago [especially South & West], an invasion of ISIS would be a plus for the community.
www.traderzoo.mobi
OK, that's a foul. Walk backwards naked around the Ba'hai Temple in Evanston three times in an act of penance. Or if you prefer, Reverend Farrakhan's house on the South Side.....but I recommend Evanston.
Okay they're moving into market maker territory now. The State Department can step aside and let Wall Street and their enforcers take it from here
But I have one question: Are the terrorists taking the ISIS bucket challenge?
This is ancient news. Megyn Kelly reported it on 10/4. I think that traders knew about it a week before it actually happened. If you trade on CBS news, you will soon be on food stamps.
Posted on October 4, 2014 by Jim HoftISIS TAKES ABU GHRAIB – Within Artillery Range of Baghdad Airport
http://megynkelly.us/18327/isis-takes-abu-ghraib-within-artillery-range-...
Uh, I don't care about Baghdad either. Lets nuke it and forget it.
Lower oil prices would probably be better for the US economy even if we become self-sufficient or net exporters. So who wants higher oil prices? Well the oil companies of course - and the greens! Strange world ain't it.
ISIS is holding outside Baghdad until they can destroy it in one piece, because otherwise they'd end up fighting and even siphoning in more reinforcements from Iran. It's plain as a pikestaff. Though just what they do with Baghdad when they capture it is another matter. Will the US then bomb the major Iraqi oil facilities that are full of both Iranians and Russians, hmm? The Russians might leave, but I wonder about the Iranians. Unless the US and Russia come to an agreement about wiping out ISIS, but what are the odds of that happening?
I'm conflicted, the ISIS march is bad for our country's interest, "kinda, sorta, maybe"......and definetly bad for clown Obama and his merry band of pussies. I'll go with yippee for Obama beat down.