This page has been archived and commenting is disabled.
The Most Important Question About ISIS That Nobody Is Asking
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."
Daily Signal's Kelsey Harkness explained the breakdown as follows:
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.
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.
Most importantly, we added that to be successful in counterterrorism efforts, "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."
None of this was surprising to anyone, but what was quite surprising is that it took the allied forces over a year to take the oil revenue threat seriously and begin targeting the Islamic State's oil infrastructure in earnest.
Today, in an article titled "Why US Efforts to Cut Off Islamic State's Funds Have Failed" Bloomberg tries to explain just how it is that despite a more than a year long campaign, ISIS funding remains as strong as ever, and notes that "the latest round of airstrikes are directly related to the administration’s new math. “You have to go after the oil, and you have to do it in a serious way, and we’ve just begun to do that now,” citing Benjamin Bahney, an international policy analyst at the Rand Corp., a U.S. Department of Defense-funded think tank.
To be sure, there are other sources of revenue: Bloomberg correctly notes that "even if the U.S. finally weakens the group’s oil income, Bahney and other analysts in the U.S., the Middle East, and Europe contend, Islamic State has resources beyond crude—from selling sex slaves to ransoming hostages to plundering stolen farmland—that can likely keep it fighting for years."
Still, without a doubt, the dominant source of funds for the terrorists is oil, and not just oil, but a well-greased logistical machine that keeps thousands of barrels moving from unknown pumps to even refineries, and ultimately to smugglers who operated out of Turkey and other countries.
Here is Bloomberg:
Most often refined in Syria, the group’s oil is trucked to cities such as Mosul to provide people living under its black banner with fuel for generators and other basic needs. It’s also used to power the war machine. “They have quite an organized supply chain running fuel into Iraq and [throughout] the ‘caliphate,’ ” says Michael Knights, an Iraq expert at the Washington Institute for Near East Policy, using the militant group’s religiously loaded term for itself. Because the U.S. apparently believed the real money for Islamic State came primarily via selling refined oil, rather than crude, last year’s strikes heavily targeted refineries and storage depots, says Bahney. He and other experts say that strategy missed an important shift: Militants increasingly sell raw crude to truckers and middlemen, rather than refining it themselves. So while Islamic State probably maintains some refining capacity, the majority of the oil in IS territory is refined by locals who operate thousands of rudimentary, roadside furnaces that dot the Syrian desert.
Here is where it gets interesting: Bloomberg cites Pentagon officials who acknowledge "that for more than a year they avoided striking tanker trucks to limit civilian casualties. None of these guys are ISIS. We don’t feel right vaporizing them, so we have been watching ISIS oil flowing around for a year,” says Knights. That changed on Nov. 16, when four U.S. attack planes and two gunships destroyed 116 oil trucks.
So any qualms about vaporizing "innocent civilians" promptly disappeared when the Pentagon realized that its 1+ year long campaign had been an epic debacle, that a suddenly surging ISIS was stronger as ever, and most importantly, that its critical revenue lifelines had been largely untouched for years. Perhaps they weren't innocent civilians after all.
It is still unknown if this recent crackdown on "dumping oil", or crude which dramatically lowers the price of oil in global markets - it certainly is an odd coincidence that the price of Brent and WTI began its tumble last fall, just when the Islamic State made its dramatic appearance on the world scene - will have an effect and cut off the primary source of funds to ISIS.
But what we have been wondering for months and what we hope some enterprising journalist will soon answer, is just who are the commodity trading firms that have been so generously buying millions of smuggled oil barrels procured by the Islamic State at massive discounts to market, and then reselling them to other interested parties.
In other words, who are the middlemen.
What we do know is who they may be: they are the same names that were quite prominent in the market in September when Glencore had its first, and certainly not last, near death experience: the Glencores, the Vitols, the Trafiguras, the Nobels, the Mercurias of the world.
To be sure, funding terrorist states is not something that some of the most prominent names in the list above have shied away from in the past.
Which one (or ones) are the guilty parties - those who have openly breached terrorism funding laws - we don't know: it may be one, or more of the above, or someone totally different.
At this point, however, three things are certain: whoever the commodity trading house may be that is paying ISIS-affiliated "innocent civilians" hundreds of millions of dollars for their products, they are perfect aware just who the source of this deeply discounted crude is. Crude so deeply discounted, in fact, it results in massive profits for the enterprising middleman who are engaging in openly criminal transactions.
The second certainty: whoever said middleman is, it is very well known to US intelligence services such as the NSA and CIA, and thus to the Pentagon, and thus, the US government.
The third certainty is that while the US, and Russia, and now France, are all very theatrically bombing something in the Syrian desert (nobody really knows what), the funding of ISIS continues unabated as someone keeps buying ISIS oil.
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?
»
- 10011 reads
- Printer-friendly version
- Send to friend
- advertisements -
yeah we got it. Out NATO ally Turkey is re-branding the oil, charging a healthy markup, and selling the oil to G20 countries and China.
Its getting tough to take anything seriously in this world today.
This is what agents of The Great Red Dragon do so well. Lie, steal, murder, run black markets, etc.
Who's buying ISIS oil?
The Clinton Foundation.
I smell a golden sacks. No doubt buying it $10 under market and making a nice middle profit.
Ask the cockroach muslim traitor Brennan... HE is the one running ISIS, and HE was the one that orchestrated the COUP in Ukraine. His boss is Soros, the cancerous old POS Nazi... You think a Bath House maggot from the sewers of Chicago is in charge? LOL!!
The people behind the Ukraine coup were all the Neo-cons, who sit behind the curtain, like Victoria No-secret Nuland's husband, et al....
He was also a player in 911- may Brennan rot in Hell -but not before he gets his just reward here on Earth.
It's so fucking easy to find out who the fuck the end users really are
Why the fuck cant this government tell the fucking truth?
The real enemy here is the US government
Bunch of CUNT wads from the FBI all the way up to that purple lipped piece of shit in the White Castle.
It's so fucking easy to find out who the fuck the end users really are
Why the fuck cant this government tell the fucking truth?
The real enemy here is the US government
Bunch of CUNT wads from the FBI all the way up to that purple lipped piece of shit in the White Castle.
wow
Mighty disrespectful to our Blue-gummer in Chief.
No big deal.
These are our "moderate" oil brokers.
so how did ISIS get control away the Shiites who run Iraq, isn't the majority of Iraq oil in the SE tip near Basra? well the rationale for ISIS not only existing but actually thriving has never passed the smell test. what did the Iraq army retreat into the green zone and lock the door? makes no sense at all
How did they manage to accomplish this? The same way they managed to accomplish policy coups in ALL of our nations. BRIBES and MURDER when bribes did not work. Where did the bribe money come from is the question. Pallets of cash stolen from the US tax payer under the false impression it was going to fight terrorism, not FUND IT.
The repulsive nature of this entire calamity holds not bounds. The simple fact is this is theft of resources carried out with contempt and disdain, designed to inflict as much suffering as possible. Connections can be found in media/entertainment/politicians with ulterior motives, and even small communities all over the world, after strategic maneuvering of families devoted to the cause of The Chosen People, willing to lie, cheat and steal their way into a seat of power, change the laws and seize ownership.
FEMA camps will be teaming with them by the time this is over. NSA will be quite helpful in determining exactly who is doing what and hopefully, innocent people will be spared from being included in this century long formula to trick civilization into handing over our world to madmen.
Another important question: Why hasn't ISIS attacked Israel?
... think we know why.
We still didn't kill "civilians" but dropped leaflets first telling the drivers to run away, and presumably most did. Leaflets big, stupid mistake. Also included a coupon good for an Obamaphone.
The last time oil traded at $93/bbl was Sep 2014, immediately before it crashed -- quite a coincidence.
By that, I mean the timing -- not that it crashed. IMO, the crash was engineered to induce Japan to dramatically devalue the yen and facilitate the yen carry trade.
Compare CL and USDJPY and the relationship is pretty obvious:
http://pebblewriter.com/why-oil-should-bounce-here/
The Oil for Food Becomse the Oil for ISIS scandal.
"... Who are you? ... Comrade Question-mark? ..."
- Archer
Let's do some figuring on the back of the envolope. Traffic is 80,000 bpd. A semi tanker holds 7,000 gallons. Barrel = 42 galons = 167 barrels per tanker. 80,000 barrels = 1,905 tanker loads per day. The alphabet cannibals need a pipeline.
Holy shit, that is about 7% of the Bakken at peak production. The operation is a monster!
Obama's refugee drive is how he'll take your guns. Connect the dots. 1.) Create a crisis and bring in jihadists, 2.) ISIS mass shootings on say, Black Friday at ten crowded US malls for example (3000 dead) , 3.) American outrage, 4.) Populist mandate to confiscate all guns, 5.) Mission accomplished... "Now we can boss 'em all around", 6.)
Declare Martial law, suspend elections, Obama get a de facto third term. Goodnight, America. (The difference between fiction and reality is that fiction has to make sense.)
Hiding in plain sight: those responsible for ISIS, and profit off it.
All the pretty pets of politics dancing to the globalist bankster tune kill their own people countrymen rather than let go of their narcissistic, money grubbing Wolfowitz Doctrine, Project for a New American Century, Yinon Plan. Qui bono?
Odin and Lord All Mighty,
Send St Michael the Archangel, the soldier against Satan, beloved in judaic, christian and muslim traditiion. Good begets good.. Bad begets bad.
Valhalla, the northern tribes, be true, be brave. And no person of any creed, color or religion will die in vain.
Deepest sympathy for other great faiths. Am thinking of Hindu, Sikh, Buddhist now. Your greatest loyalty to your own and mine would be to stand aside if it offends your beliefs or you are afeared.
This oil commanded by ISIL, ISIS, IS...all the changing names of one thing: state terror, with Zionists at the forefront, using the USA as its shield, sword and treasury.
https://www.youtube.com/watch?v=KKvvOFIHs4k
The fact that the erdoghan family is implicated in supporting Turkey's Islamic jihadi brethren in Syria will probably be greeted with approval by the majority muslim Turk population.
Take a look at the Donmeh; the crypto jew, and then you will understand why Erdogan serves the international financiers most, and their pet Israel, beholden to the City of London Rothschild.
What does ISIS do with its income?
One thing for sure, every petty shit-eating mafia member in Europe is on the ISIS payroll, no matter what the country, even if their lowest paid grunts only get a couple of euros a day. It's a scandal that nobody talks about, particularly the governing classes who are so far out in space above the earth that they can't (and won't) see what's happening on the street, much as they can't see the streets themselves. ISIS is probably Europes largest employer and they don't even have to worry about all the rules for hiring and firing, tax withholding, etc. It's all part of their "plan" for eventual domination. Don't worry, the immigrants will find work.
ISIS serves the Yinon Plan, the Wolfowitz Doctrine, the Project for a New American Century - the Zionists who are supremacist, militarist and care nothing for any jew, christian or muslim or anyone else. They care only for the 'love of money' and power.
See George Soros (Schwartz) who admits being a Nazi in his youth and stealing from fellow jews in Hungary, while he is now the biggest single funder of the War Party (Demoncrats, Repugnants, New Liebore, New CONservatives, Limp Dumbs and the EUSSR, along with Sheldon Adelson freak fans).
You've been had, bamboozled, cheated and robbed while better men die in foreign fields.
Shame on all your ignoranti.
You are blinded by your Jew hatred to the extent that you can't see what is going on under your nose. I don't care if you hate Jews or not, but this particular obsession--which passes for some kind of gnostic enlightenment--will prevent you from seeing the lowlife behind you who is about to slit your throat. You must be American.
Look! He's behind you!
That fearmongering is of pantomime, but very over used by zionists who have reason to fear most; themselves first of all.
Your Talmud, your secret societies, your oaths to yourselves alone against all the world are repugnant to any free and open society, and most of all to the one I love: the Constitution and Bill of Rights.
That CIA makes money from drug running is a well known story.
What about a theory like this. There are lots of retail forex, CFD, etc. brokers. Leveraged electronic trading, sometimes called bucket shop, (rigged) gambling in some ways (the majority loses most of the time).
There are quite a few of them, obviously many of them are just smaller firms, essentially fronts for bigger aggregators and technology providers.
If intelligence agencies make money for black operations from drug running, wouldn't it make sense for them to run a network of retail trading firms?
The banker connection is given, at least factions within agencies are of course working for banker circles. Majority of the muppets lose most of the time, a possible income stream.
It also involves HFT on the technology side, so possibilities for market rigging (and intelligence). Based on seeing aggregate retail positioning in their network and then able to rig the market to scalp those. Possibly also by utilizing retail money committed into the market and position flow. (And it's all leveraged.)
Oil CFDs (derivatives) trading is pretty much standard with these brokers. What if some of the oil price manipulation is covertly done by such a network of financial firms and the stolen oil serves as collateral and/or goes through physical trading firms that are on some level (personal or cooperational) connected to such a network.
You rationalise. Get off your knees or keep out of the way.
Do you see as I see? Do you feel as I feel? Do you seek as I seek?
Here speaks the last true Commander in Chief of the USA, against unconstitutional wars and war profiteers. John Fitzgerald Kennedy in his own words:
https://www.youtube.com/watch?v=xhZk8ronces
If you are afraid of liberty and the Constitution, then I suggest you hide with your own; rationalise; excuse genocide; excuse the international financiers of no fixed abode; serve the un-Federal no-Reserve Board and the City of London, liars, cheats, thieves, batshit crazy, messianic freaks.
Stand down, and don't get in the way of honest dissent. Be a coward if you must. Your appeasement merely speeds up your own demise.
Not mine nor my people.
+1000
Wow, hadn't heard that one before. Almost like he was psychic.......
And now the country is run by the likes of thoe that silenced him 53 years ago.
He wasn't psychic. He was a good Christian man of the North who put his own people first, and was willing to respect the rest of the world. Trade, yes. Domination, no.
Kinda like Putin.
Roge, here some more Louna for you:
Louna Invasion 2015
https://www.youtube.com/watch?v=7Vj4j-2ronQ
also for 2011 thru 2014 years Invasion concerts...
It's like the ISIS Olympics now ! The false Flags are not going to stop - This is their last roll of the dice - Putin has managed to wake up even the idiots ! Prepare yourselves !
The young man in DC and the old man in the Kremlin who banged his shoe at the U.N. understood each other.
Peace is an effort, not a right.
most here won't know about details of that...
Kruschev was the more level head during crisis..JFK less and Bobby dangerous
that said, I am not fan of Kruschev
Yep, seems that Cold War politicians were wiser back then. Maybe because the latest war memories were fresh and undiluted.
The other side of the coin called MAD was the doctrine of Mutual Peaceful Coexistence. That didn't stop them kicking each other under the table though.
Well, stay the fuck out of Vichy, NY, and LA, or any crowded place.
Go strapped if you must venture out. Carry 2 pistols and a fucking sharp knife.
No. I delegate to others best trained to hold individuals responsible for their actions.
Like your humorous and serious posts, by the way. Shakespeare did that: serious points with humour, as you no doubt know.
And let's not forget the Toyotas! Who sold ISIS all those Toyotas? Easy to track down, surely.
http://barlowscayman.blogspot.com/2014/10/who-sold-isis-all-those-toyotas.html
Well caught ;-)
I have always considered the Toyota's to be a token of thanks to Japan for being a good little VASSAL ! Also suspect they are usually filmed from the rear for SUBLIMINAL advertising purposes - They entire thing is truly FUCKING sick !
Hollande is visiting the US and then Russia - After Hollande throws himself at Vlad's feet blubbering about how the Zionist/US FORCED him into it ! Vlad will turn to him and say - YOU ARE A PATHETIC FUCKING COWARD !
"Man up, Francois! I will protect you from the Gay Crusader!"
"Ohh, Thank you, merci, merci, Vlad!"
"Now, about my Mistrals....."
"He forced me into that, too! Please forgive me!"
"Stalin would eat you alive, Francois, he'd cut out your heart while it was still beating..."
"No, pleeease, Vlad!"
"Good for you I am not Stalin. I am a Russian! Now, here is what we will do to the Bath House (whispers.)"
"Haha, mais ouis!"
Could it be..............Isreel?
So wait a second - do the math here. They are getting approx 1.164 billion/yr selling discounted crude. How much have western, and eastern nations if you include Russia, spent trying to destroy then and been unsuccessful? I would guesstimate many multiples of that 1.164 bln.
so.....WTF
The bastids, playing all sides of every war: the AshkeNAZI and their City of London Rothschild led Mi6; Nazi loving freaks.
Operation Paperclip brought those 'jews who are not jews' Nazis into the USA, and the Bush tribe, the Rockefellers, the Rothschilds, the Bronfmans, Oppenheimers. Loeb are just the same.
Filth.
We gave them refuge, and they betray us, all for their shit sandpit fiefdom Israhell which commits genocide and kills immigrants at its border control, but American jews lead the campaign to bring immigrants to the USA. Hypocrites. Money loving freaks.
I am a wealthy white person of the West. I believe that money is a tool, nothing more than that. It is to be used for good, not bad. I am a Christian of Viking descent, so my position is consistent if nothing else.
The North knows exactly who funded and trained ISIS.
Career politicians are most arrogant when they imagine that ordinary people don't see too.
The basis of the USA was government by consent. Without that consent, there will be no more compliance for Federal laws.
It is only a matter of time. The dual citizen, messianic 'jews who are not jews' who currently control the Feds have outstayed their welcome.
Using the USA as their shield, sword and Treasury offends humanity, and the Constitution in particular.
Syrians flee war to brave smugglers' gauntlet in volatile Latin America
http://mobile.reuters.com/article/idUSKCN0T820420151120
A lot of mercenaries over there are from latin america.
Mercenaries. Oh, yes. ISIS is all about mercenaries. Those boys who never became good men are for sale to the highest bidder, and their handlers know that. ISIS is state sponsored terrorism.
.gov has become the pretty word plaything of the gangster banksters who blew up the world money system in 2007/8 and got bailed out with trillions of $ from the U.S. taxpayer.
It's me. Sorry bro's, but I need the cash.
Buying oil from isis and paying astronomical ransom money to them for the hostages they take are one thing, but buying oil from Saudi Arabia and similar Islamic states are just as bad, because all those countries are in strong violation with just about all international rules ever written. If a western oil nation would practice sharia laws, procecute gay people, kill people if they leave their religious beliefs or suppress womans rights, that country would have been banned from international trading. Yet here we are. Not a word is said.
And what about Afghanistan? America took control over the entire country, yet the Afghans were allowed to grow their drugs in peace, thereby allowing millions of addicts to suffer around the globe.
When it comes to money, there are no ethical principles
Dear heart,
A word in your ear:
Af/pak heroin production fell under the Taliban, and escalated when Western drug companies wanted it, using our troops as their bodyguards. 'War Is A Racket' (Smedley Butler).
When it comes to money, there are ethical principles. Defy the AshkeNAZI.
There are victums of the war in the middle east that die in the majority of the US every day.
The war on drugs and the black market for addictive substances grows in a exponential growth/death spiral.
The white middle class from middle school to middle age, any white person knows "somebody" whose life was affected.
Not trying to be all supremisist, but the herion and pain epidemic goes widly unnoticed. No tax bracket immune.
You never realize until it hits home, but it's the type of thing to wake someone up that TPTB don't like or care for the average person's life.
Welcome to the machine.
There are victums of the war in the middle east that die in the majority of the US every day.
The war on drugs and the black market for addictive substances grows in a exponential growth/death spiral.
The white middle class from middle school to middle age, any white person knows "somebody" whose life was affected.
Not trying to be all supremisist, but the herion and pain epidemic goes widly unnoticed. No tax bracket immune.
You never realize until it hits home, but it's the type of thing to wake someone up that TPTB don't like or care for the average person's life.
Welcome to the machine.
And now a word from the sponsor's PR, Edward Bernays, the jew who is not a jew, the father of modern PR: Lie, lie, lie. Tell a big enough lie for long enough, and people will believe it. He spoke exactly like his kindred spirits, the Nazis.
Modern Israhell is money grubbing, genocidal, fascist to which CONgress bows.
The source of ISIS funding, training and weapons is known, but the pretty pets of politics beholden to lies, PR and taxpayer bailed out gangsta banksta look the other way...for their own gain.
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” (Upton Sinclair)
Thwart terrorists!
End this deception by omission now!
http://showrealhist.com/begun.gif
http://showrealhist.com
"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."
Oil at $93 on the free market???? I had no idea oil was that expensive! Good news for the shale and sand plays I guess. /S
Discount that by 50%. Make that 60%!
where are they getting all the ak's the c4 the black ski masks oh i know where they got the ski masks they had their annual ski trip and they all chose black very posh. by the way is it me or does this site load so slowly that one could rub out a few loads first.
I think Dr. Preston James and Mike Harris (former GOP finance chairman) are way, way, way too far ahead of you on this one. Which then poses next the all important question to ZH, "why did you once again miss the memo?" Which next one can surmise that Fox News et al might report this 6 months from now. Which then means that ZH, Infowars et al. You might report this 3 months from now?
http://www.veteranstoday.com/2015/11/18/the-missing-piece-of-the-financi...
Its easy ... Find Pinky Green.
5 countries border Syria, 1 border is controlled by Syria, 1 has more oil than Syria, and the other three have never been threatened by ISIS- Israel, Jordan, and Turkey. All 3 want Syrian land, all 3 friends with Saudi Arabia, and all 3 suck from the US dick
And they all want Assad out, like forever.
Let's see, they are land locked so what borders could they cross? Only a few countries and I bet that they are Sunni. Turkey, Saudi ...??
I wonder if it's GEORGE BUSH?
Obombo blames everything on GB...
Pretty good for just a "JV Team"
One enterprising journalist whom doesn't mind assassination attempts.
“I Have Confidence In The President's Take That ISIS Is Contained.”
-Nancy Pelosi there you have it. this person was speaker of the house and i don't think idiot quite captures the depths of her stupidity. she isn't an airhead for that is far to filled with matter. more like a space vacuum head.
The prophecy in Abrahamic faiths :
The dead shall rise from graves (petroleum)
Then there will be judgement day ( Nuclear war due to oil)
Prob'ly the Jews, then reselling it back to Umericans
Oil transported by truck? Has to be Turkey. You dont even need to see the satelite photos to confirm where the convoys are going. What was the holdup? Obama's whole SYrian rebel strategy has really fallen apart. Given Putin's Orthodox background, you have to wonder what his plans are re:Turkey. Antioch covered now, Constantinople next?
Imran Hosein Constantinople at about 15:00:
https://www.youtube.com/watch?v=IVqNFfYTee0
see his other lecture about this subject...there is older one of meetings at Moscow State University,
if you search the YouTubes..
ISIS primary source of revenue isn't fuel oil truck deliveries to Syria, they control a marine export terminal that ships directly to......New Jersey refineries.
Yes Hillary gets a cut (duh)
I would bet that much of ISIS funding come from USA top secret black budgets-leave no paper trail-are they REALLY making money off of oil?.....i wonder
ISIS is part of the Muslim brotherhood now running Turkey, Egypt, and Hillary
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.marsecre...
Haha they are happy to bomb hospitals and kill Western doctors, but not terrorists moving oil to fund their terror.
Wonder whose side the USA is on?
How about China go and bomb the oil carting. What the US gonna do then, complain about civilians when the US operations in Syria have already killed 250,000 civilians?
Some have pointed at the finger at Nathanial Rothschild Genel Energy, which allegedly works with the Kurdish Regional Government: Britain’s secret ties to governments, firms behind ISIS oil sales
https://www.youtube.com/watch?v=GeZ3nCXyb_Q
SSDD.
It's really not that difficult a question.
Contango blah blah
Ask Deutche Bank Alex Brown (DBAB)...he knows a thing or two trading for terrorists...he traded united and american airlines put options on sep 7 2001 ;)
From today's FP @ Bloomberg
“The war will end,” State Department deputy spokesman Mark Toner said. “We don’t want to completely and utterly destroy these facilities to where they’re irreparable.”
Russia’s Islamic State position is much less circumspect.
“We’ll level everything there,” Frants Klintsevich, deputy head of the Defense Committee in Russia’s upper house of parliament, said in an interview on Thursday. “We’ll get them no matter where they hide around the globe.”
I prefer the Russian approach.
Nothing is irreparable in the oil industry. I wonder how many fell for that line without questioning it? Saddam has set fire to hundreds of wells during Iraq War 1 and all were repaired.
Sounds like UN's Oil for Food program - quota sales on one side, black market with the excess - a lot of excess.
And France's Petro Fina/Total was the largest buyer back then.
But wait, the French just blew themselves up - can't be the French. LMFAO!!!
Audit Total and you'll find your black market oil.
The Russians have been bombing ISIS in Raqqa and the oil infrastructure for weeks now.
As for the innocent civilians buying ISIS oil. They have to know who they are buying from and the risks involved. The risk just got a lot higher.
The question has been asked. According to media reports Vladimir Putin instructed the russian FSB to provide more detailed information on the (purportedly) "40 countries which have provided funding to ISIS". And as long ISIS is the beneficary of international funding it does not fully depend on proprietary sources of income such as oil.
But will Russia reveal the list of 40 countries and the names of people?
If you, yourself, do not know by now, then you have not been paying attention.
Let me help you out with the list of countries: All of the so-called "West", which bizarrely includes Australia, New Zealand and possibly some other far-flung locations where a government always supports Washington DC.
As for people? Well all of the heads of state of the aforementioned countries and all of the heads of the MSM, not to mention the heads of financial institutions of course - just fill in the blanks at your leisure.
Special note should be paid to the rulers of Saudi Arabia, Qatar and Jordan who are most likely to have enabled the bombing of the Russian airliner,or else/and Israel, but do not expect to see multiple assassinations around the World of everyone culpable/complicit in bringing terror to the World. Expect something more subtle from Putin/Russia.
Consider how effective it would be if the Rothschild Dynasty lost control of the Russian Central Bank. Rothschild? How many more names do you want?
They are Obama's boys, he will not let them be harmed, especially by some evil Christians.
I've seen reports of them selling straight from the wellhead for as low as $20. Good fresh batches on the cheap.