WASTED EFFORT? ISIS still makes massive amounts of money despite coalition air strikes
FREE Catholic Classes
Despite a year-long, U.S.-led bombing campaign, the Islamic State continues to rake in over 320 million Euros each year from oil -including income from the sale of gasoline to Syrian rebels.
Catholic Online (https://www.catholic.org)
10/15/2015 (7 years ago)
Published in Middle East
Keywords: ISIS, oil, crude oil, pipeline, refinery, Syria, Iraq, West, Islamic State, RIBSS, Raqqi Is Being Slaughtered Silently, taxes, sharia law, cannibis, drugs, illegal, income, officials, cheap, supply, internet cafes
LOS ANGELES, CA (Catholic Online) - Oil workers in Syria and Iraq, as well as Western intelligence, estimates up to 40,000 barrels of gasoline each day within ISIS territory.
The output generates an estimated revenue of 1 million Euros each day. The alarming income serves as a strong indication the year-long coalition air strikes targeting their refineries and pipelines have done little to slow the group's progress.
U.S.-led coalition officials claim the jihadis created hundreds of makeshift oil refinery facilities to adapt to the onslaught of their pipelines and larger refineries.
A European senior official said, "We haven't been as disruptive as we may have hoped. They have been able to effect repairs to everything we have hit."
Wester fighter jets have difficulty distinguishing between trucks moving oil as some are driven by non-ISIS militants. If fighter jets were to bomb a truck driven by a non-ISIS citizen, the European official admitted they would risk creating a "family of jihadis" and "radicalising the population."
In an effort to undercut ISIS, several options are currently under consideration. Two options involve a cheaper oil supply for rebels and possibly oversaturating the market with cheap crude oil.
Earlier this year, Raqqi Is Being Slaughtered Silently (RIBSS) claimed they discovered how ISIS found ways to diversify their income streams. They claimed ISIS had secret deals with the Assad regime in which ISIS sold the government electricity and gas from dams under the group's control.
Other ways of generating income includes the growing and selling of illegal drugs. Cannibis is reportedly growing on the outskirts of Raqqa to be sold in Turkey in what ISIS apparently allows despite strict sharia laws.
RIBSS also reported flat-tax rates on "hygiene services," electricity, customs on imported and exported goods and telephone network usages. ISIS requires people to pay in cash and operates its own revenue agency called Al Hisba.
"One of the most profitable trades for ISIS" is Internet cafes, RIBSS reported. Internet cafes in Raqqa boomed from 20 to 500 after the Islamic State came into power.
It is clear ISIS continues to thrive, so the questions of what can be done and who will follow through remain to be answered.
Copyright 2021 - Distributed by Catholic Online
Join the Movement
When you sign up below, you don't just join an email list - you're joining an entire movement for Free world class Catholic education.
St. Juan Diego
Mysteries of the Rosary
Saint of the Day for Friday, Dec 9th, 2022
Litany of the Blessed Virgin Mary
Saints & Angels
Unfailing Prayer to St. Anthony
The Apostles' Creed
Lex Orandi, Lex Credendi, Lex Vivendi. As we Worship, So we Believe, So we Live
- Daily Readings for Saturday, December 10, 2022
- Pope Saint Gregory III: Saint of the Day for Saturday, December 10, 2022
- Act of Love: Prayer of the Day for Saturday, December 10, 2022
- Daily Readings for Friday, December 09, 2022
- St. Juan Diego: Saint of the Day for Friday, December 09, 2022
- Prayer of Solace: Prayer of the Day for Friday, December 09, 2022
Copyright 2022 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2022 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.
Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.