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  1. #1
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    Post IS No Longer Reliant on Oil Income

    By Patrick Schmidt.
    The United States Department of Defense announced this week that the Islamic State (IS, ISIS, ISIL) no longer receives the majority of income from oil sales.
    Officials now believe that the group is funded mainly through private donations as well as black market sales.
    Additional pressure has mounted against the Islamic State (IS) following the start of the air campaign against the group.
    A United Nations (UN) Security Council Resolution is also in the works to cut off funding to the group.
    (Source: Al Arabiya)


    Source: Iraq-BusinessNews.com.

    Post your commentary below.

  2. #2
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    Quote Originally Posted by Investors Iraq News View Post
    By Patrick Schmidt.
    The United States Department of Defense announced this week that the Islamic State (IS, ISIS, ISIL) no longer receives the majority of income from oil sales.
    Officials now believe that the group is funded mainly through private donations as well as black market sales.
    Additional pressure has mounted against the Islamic State (IS) following the start of the air campaign against the group.
    A United Nations (UN) Security Council Resolution is also in the works to cut off funding to the group.
    (Source: Al Arabiya)


    Source: Iraq-BusinessNews.com.

    Post your commentary below.
    So what are these "Black market sales" then? Shouldn't think it's copies of famous t-shirts or Watered down Vodka, perhaps it's all these handbags that are copied, maybe cheap imitation Kalasnikov's........ Beats me, anyone else got any ideas?

    And please don't say "Oil" As only a fool would buy oil at $10 a barrel.

  3. #3
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    Quote Originally Posted by baz View Post
    So what are these "Black market sales" then? Shouldn't think it's copies of famous t-shirts or Watered down Vodka, perhaps it's all these handbags that are copied, maybe cheap imitation Kalasnikov's........ Beats me, anyone else got any ideas?

    And please don't say "Oil" As only a fool would buy oil at $10 a barrel.
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  4. #4
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    Quote Originally Posted by Screaming Eagle View Post
    Yes I can see this, but surely this alone cannot be the main money making business for these rubbish people, as the article mentioned more then likely another means of getting funds, but if true, like the oil, someone is buying up this stuff.

    The article also mentioned the "Guardian" thinking now could this the same Guardian newspaper as here in the UK, if it is the same, over here that paper has comic value, or do you have one of the same name in the US?

  5. #5
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    I.S. are TOTALLY reliant on OIL as thats all Iraq has got

  6. #6
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    It seems plausible that the Kurds can provide 'on the ground' intel for Jordan's Air Force to splatter these demons across northern Iraq. Thanks to obummer's incompetence, it will take a while to destroy ISIS in Iraq. This clown has been a train wreck since he was sworn in as POTUS.
    The POTUS, Barack Hussein Obama, (aka Barry Soetoro) continues to prove that he is now the MOTUS - Marxist of the USA with much more collateral damage yet to come.

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