sweed61: Who are the petroleum engineers maintaining the refiners and refining the crude oil? Are they held at gunpoint against their will?
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?
Fred: It might take some time and manpower to locate the players in the purchase and distribution of isis’ stolen crude. (which should also be done) But the exact location of EVERY oil rig and refinery in Iraq is common knowledge.
Why hasn’t the obama administration sent live satelite imagery of those locations to our pilots with orders to destroy every tank truck leaving the location? Yes, its that easy.
There are reports around stating that French pilots took out those trucks in retaliation for the paris attack… Oh for credible news, who do we believe
Mike: Here you go, Kurdistan and Turkey are the biggest culprits supporting ISIL’s oil revenue.
Inside Islamic State’s oil empire: how captured oilfields fuel Isis insurgency
Islamic State has consolidated its grip on oil supplies in Iraq and now presides over a sophisticated smuggling empire with illegal exports going to Turkey, Jordan and Iran, according to smugglers and Iraqi officials.
Six months after it grabbed vast swaths of territory, the radical militant group is earning millions of dollars a week from its Iraqi oil operations, the US says. Coalition air strikes against tankers and refineries controlled by Isis have merely dented – rather than halted – these exports, it adds.
The militants control around half a dozen oil-producing oilfields. They were quickly able to make them operational and then tapped into established trading networks across northern Iraq, where smuggling has been a fact of life for years. From early July until late October, most of this oil went to Iraqi Kurdistan.
The self-proclaimed Islamic caliphate sold oil to Kurdish traders at a major discount. From Kurdistan, the oil was resold to Turkish and Iranian traders. These profits helped Isis pay its burgeoning wages bill: $500 (£320) a month for a fighter, and about $1,200 for a military commander.
The US has pressured Iraqi Kurdistan’s leaders to clamp down on smuggling, with limited success. But oil is still finding its way to Turkey via Syria, with Islamic State deftly switching from one market to another, smugglers say, with cheap crude channelled to Jordan instead.
On Monday, a UN panel urged countries neighbouring Iraq and Syria to seize oil trucks that continue to flow out from jihadist-occupied territory.
“We buy an oil tanker carrying around 26 to 28 tonnes [of oil] for $4,200. We sell it in Jordan for $15,000. Each smuggler takes around eight tankers a week,” Sami Khalaf, an oil smuggler and former Iraqi intelligence officer under Saddam Hussein, told the Guardian. Khalaf, who lives in Jordan’s capital, Amman, said smugglers typically paid corrupt border officials $650 to pass through each checkpoint.
Iraqi intelligence officials confirm that Isis uses Anbar province, which shares a border with Jordan, as a major smuggling hub. Isis controls three major oilfields in Iraq – Ajeel, north of Tikrit, Qayara, and Himrin.
One official, based in Kurdish-controlled Kirkuk, said 435 tonnes of crude oil from the Ajeel oilfield in Salahuddin province was recently transported to Anbar. From there it went to Amman.
Iraq’s oil ministry spokesman, Asim Jihad, said he was not aware of oil being smuggled to Jordan, but conceded that Isis was still managing to export crude to Turkey via Syria. “We are pressing Turkey to stop this trade because it strengthens Isis,” Jihad said.
In June, US reconnaissance drones flying above northern Iraq spotted large numbers of oil tankers crossing unhindered from Isis areas into the Kurdistan region. At the time, Kurdish peshmerga fighters were facing off against Isis on a new and fragile frontline.
American commanders presented Kurdish officials with satellite imagery and pressured them to crack down. US planes destroyed seven tankers, with Iraqi aircraft hitting similar targets last month.
“The middlemen, traders, refiners, transport companies, and anyone else that handles [Isis’s] oil should know that we are hard at work identifying them, and that we have tools at hand to stop them,” David Cohen, the undersecretary for terrorism and financial intelligence at the US treasury, warned.
Last week, Cohen estimated the militants were still earning “several million dollars per week from the sale of stolen and smuggled energy resources” – down on what they pulled in before the coalition air strikes, but still a substantial amount.
Before Isis captured them, the oil fields might produce 400,000 to 500,000 barrels of oil a day, according to an official in Iraq’s state-run North Oil Company, which oversaw all the fields in the area before the militants took control. One trader said that at its height, 3,000 tonnes of crude oil (25,350 barrels) a day were going to Kurdistan. From there the oil vanished into Turkey and Iran.
International scrutiny has restricted these volumes. But one Kurdish parliamentarian admitted it hadn’t been shut down altogether. “I would say the illegal trade has decreased by 50%.
We have detained several people who were involved in buying oil from Da’esh [Isis]. The same people provided Isis with petrol and over 250 pick-up trucks,” Mahmoud Haji Omar said. He added that even Shia militia fighting the extremists had profited from the trade by taxing oil tankers passing through territory they control.
Karim Hassan, a 47-year-old Sunni Arab truck driver identified an Isis commander, Saud Zarqawi, as responsible for much of the trade. Zarqawi had made a deal to smuggle the oil with Sunni tribal leaders and other prominent individuals in the Mosul area, Hassan said. The leaders reactivated existing networks with Kurdish traders who took the oil to the autonomous region.
Hassan, who has transported oil for the past 13 years, said he was astonished how quickly Isis had made these oilfields operational. When he asked his contacts in the oil sector in Mosul, he was told that Isis had brought in two oil engineers from Syria who managed to get the fields under its control up and running.
“Kurdish traders agreed to buy the oil for half of its international price and paid $1,500 for each tanker to pass through the peshmerga checkpoints in Kirkuk, Makhmour, Daquq and Tuz Khormato areas,” said Hassan, who used to get $120 to $150 for transporting crude oil but was paid as much as $300 for a round trip by people affiliated with Isis. The oil was then resold to Turkish and Iranian traders.
While the overwhelming majority of Kurdish peshmerga are battling Isis on a long frontline in northern Iraq, some corrupt commanders within the force have facilitated the oil-smuggling from Isis territory.
Nihad Ghafar, who has been transporting crude for the past seven years, said he had loaded oil from the Isis-controlled area of Hemrin and taken it to Qoshtapa – a district about 30km south of the Kurdish capital, Erbil, where much of the smuggled oil appears to have been taken for refining.
“We did not stop at the Kurdish checkpoints because there was an arrangement between the Kurdish traders and the head of the checkpoints,” Ghafar said.
Kurdish regional government officials claim they have detained several individuals who dealt in the oil coming from Isis and are working with American officials to put a stop to the trade. Ahmad Askari, a member of the security committee of the Kirkuk provincial council, said those who had bought oil from Isis would be charged under the anti-terror law, punishable by death.
A security official in south of Kirkuk who requested anonymity said as far as he knew his superiors had not taken any action against Kurds involved in the trade initially because they didn’t want to tarnish the image of the peshmerga.
Ghafar said that for the past month the route he used to buy and transport Isis oil had been closed because of the US bombing. Checkpoints had also applied tighter controls, he said.
The air strikes in Iraq and Syria on oil refineries and crackdown on crude oil smuggling has led to price rises for fuel and petrol in Mosul, which poses serious challenges for the Islamic militant group to rule its biggest urban centre.
“There are trucks and oil tankers parked by the side of every road in Mosul selling all kinds of gasoline: black, red, white and yellow gasoline with very low quality,” said a resident of Mosul.
When asked if many within the smuggling network have been arrested, the Kurdish oil trader replied: “Small fish always get caught. But the big fish always escape.”
hi-five: I’m going WAY out on a limb here – – but I’ve been thinking this for a while as I try to make sense of what’s going on. I believe that the money makers know and have known where this oil is going.
The movement of money, where ever throughout the world, is under heavy surveillance. It’s hard to move masses of money under the radar anymore.
So, then my question is why are the money makers allowing this? The only thing I can come up with is that globally, the dollar has been taking a huge hit.
The financial condition of the dollar is so weak that countries are dumping the dollar — China and Russia, who have been huge holders of US Treasury Bonds are dumping them, and the US is having to buy back it’s own bonds. Demand for the dollar has taken a hit.
Could it be that the money makers are happy to look the other way, with respect to the oil black market, because, for the time being, it is serving to increase demand for the dwindling dollar? Could it be that they are allowing this to prevent the dollar crash until they complete the transition to the new world reserve currency plan?
My belief is that the elites who influence and control the money are not as compassionate about the human condition as they are about their monetary policy. These are just my thoughts — not intended to offend!
KJWayne Hi-five, you got me to thinking and here goes.In the past , it has been said that the OIL industry is the ones that run the money train and the world order. IE, OPEC ETC!
Oil was up over $100 per barrel not long ago. Now it’s $40 a barrel. ALL of a sudden the ISIS oil tankers are getting bombed and we want to know WHO was buying this stolen oil! Helping ISIS with MONEY!
YOU STOP AND WATCH! We will blow up ISIS controled oil holdings and some other places that have been helping ISIS and the next thing you will see ,”IS OIL PRICES GOING BACK UP”! Iraq WINS, OIL PEOPLE win and ,oh yeah, WE WIN, TOO!
Mike: Hi-five, I think the dollars fine now and will be into the future, it’s the Chinese yuan and stock market that’s in a lot of trouble right now.
It’s no secret that China is the largest holder of U.S. debt.
So should Americans be concerned that China has started dumping some of its Treasury holdings?
After all, it raises serious questions about whether China will keep lending Washington money to help finance the federal deficit in the future.
But right now, China is selling because it’s in dire need of cash. Recently, it unleashed multiple moves to support its markets and prevent its currency from a freefall, while at the same time trying to stimulate the economy.
China yanks record sum from war chest
China owned $1.3 trillion of U.S. Treasuries as of June, making it the biggest holder of U.S. debt.
But China’s foreign-exchange reserves plunged by a record $94 billion in August, according to the country’s central bank, leaving it with a war chest of $3.6 trillion. Analysts say it’s very safe to believe a big chunk of that decline occurred due to a reduction in U.S. Treasury holdings.
The selling and the potential that China will not be buying U.S. debt in the near future raises questions on its potential to increase America’s borrowing costs.
Some of this might already be happening, at least at a small scale. When stock markets are turbulent, investors usually rush to the safety of U.S. Treasurys and yields fall. However, despite August’s extreme stock volatility, rates on Treasurys actually rose slightly in late August.
Part of that move is likely due to Wall Street betting the Federal Reserve may raise interest rates next week. But market participants also suspect the unusual action in the bond market was driven by China dumping Treasuries.
This time, Beijing is cutting its Treasury holdings out of a weakened position as it tries to stave off more declines in its currency. China is also propping up its stock market, which lost half its value in the span of just a few months this summer.
“Capital outflows have skyrocketed in China and the yuan is under intense selling pressure. The only thing they could do is sell Treasuries to buy their own currency,” said Walter Zimmerman, chief technical analyst at United-ICAP.
There have long been concerns that China could sink the American economy by unloading its gigantic holdings of Treasuries, sending borrowing costs skyrocketing.
Thankfully, those doomsday fears don’t appear to be at play here yet.
“If China’s U.S. Treasury stock is a nuclear bomb, moderate sales to offset selling pressure on the yuan are unlikely to set off an explosion,” Michael McDonough, chief economist at Bloomberg Intelligence, wrote in a recent report.
Still, China’s sales could make Treasury yields higher than they would normally be. That’s of concern because Treasury rates are used as a benchmark that set the cost of borrowing for items like credit cards and mortgages.
While it’s “not the end of the world,” SkyBridge Capital senior portfolio manager Troy Gayeski said higher yields could lead to a “slowdown in the housing recovery.”
What’s key is how much cash China ultimately needs to raise to defend its currency and stock market. No one, not even China, knows that figure.
So far, the American bond market seems to be taking the China move in stride.
The yield on the 10-year Treasury note is currently sitting at 2.22%, about unchanged from a month ago.
Demand for U.S. debt is healthy now especially when compared to the ultra-low, or even negative rates in other economic powerhouses like Germany and Japan.
Policymakers in Washington should hope that trend continues. Now that China’s economy is in disarray, America might not be able to count on its No. 1 lender to gobble up U.S. debt like in the past.
“China’s surplus is slowing. That gives them less firepower to accumulate Treasuries,” said Thomas Urano, managing director at Sage Advisory.
skylimit: hi-five. the money is watched so the people in power can tax it. The western economies are in the process of failing because of decades of socialism which can no longer keep it’s promises.
As Margret Thatcher said, “socialism’s great until you run out of other peoples money”. The dollar is strong right now because US is at least growing a little vs. most of the rest of the world but our crisis is coming most likely in 2017 -2019 as people lose confidence in our governments ability to lead.
You can already see this with Trump leading in the polls, people are fed up with the lies, deceit and corruption. All of the chess pieces you sense being moved in the global arena are for real as the US attempts to hold on to it’s power while the rest of the world is ready for change.
Governments historically resort to wars to hold on to power but in today’s world technology makes it increasingly difficult to hide their intentions. The world’s systems political, energy, healthcare, education, monetary, etc. will most likely change more in the next 10-15 years than the previous 100. Get ready for one ** of a wild ride.
Mike: Agreed, skylimit, and if you think it’s going to be wild here, it’s going to be a circus for the rest of the world. Socialism doesn’t work. The US economy is one of the largest and most powerful in the world, if we fall, the rest of the world falls with us.
Same goes for the dollar, I’ve been hearing and reading from the doomsday bunch about how the dollar was going to fall and here we are, thirty years later, and king dollar still reigns.
The US doesn’t have to do very much to stay on top, we just have a few things to tweak. The US has the strongest economy in the world, according to many, and we’ll stay that way for the foreseeable future.
From a competitive point of view, this is how the world ranks out:
The World Economic Forum’s global competitiveness survey has listed this year’s has listed this year’s best performing economies. Britain has moved up to ninth from 10th place.
Here’s another good link that speaks to the US economy as it compares to the rest of the world:
America is an exceptional country, in the end, I honestly believe we’ll remain at the top of the world’s economy, at least in my lifetime. IMO.
Skylimit: The US will learn to share decision making in the world with other countries. By 2020 or so the world will redo the current monetary system as it no longer works under the $250 trillion in debt plus $700+ trillion in derivatives and the hopeless entitlement programs.
The restructuring in the US will be extremely painful, there is simply no money to maintain our current social programs at their current levels including pension funds. Previous Fourth Turnings in the US (i.e. Revolutionary War, Civil War, WWII) all resulted in the US moving forward to higher levels but each time it happens you never know which way society will turn.
I do see the current techology evolving to solve many of our problems but big government everywhere needs to be downsized and get the** out of the way!! This is what has become our greatest challenge.
G-Lin: Cooperation between the two Chinas oil experts and Daash
A source expert: Recently been hosting an informal act of Chinese oil experts with the necessary equipment from the team before Daash in order to invest in oil resources in the area controlled by Daash
According to the report: a 15-member team of Chinese experts “Tal Afar” entered the area in coordination with the leadership of Daash Council in exchange for huge sums of money. And the team was able to determine the geographical coordinates 6821730916 SKF 38: MGRS to a ring of oil wells.
The affiliated dealers to Daash from the sale of 36,000 liters of crude oil at $ 10 to $ 12 thousand traders Turks and Europeans.
Danny: yes, but even with all our problems, we are still great, not because of our govt, but in spite of our govt. we are great because of the spirit of our founding fathers and their thirst for freedom and liberty and their faith in god and what has been passed down to us from them.
many of us still hold on to those values today, even though those values we believe in and cherish are being threatened. those are the things that actually bind us and are holding us together against what our current leadership and the college youth of america that has been brainwashed by unbelieving college professors of the morals and values of the greatest generations of our fathers and forefathers.
we can only hope our former values will keep us strong untill we can finally get some decent leadership in this country to try to right the ship and turn our country into a new direction with a strong wind of true change in the right direction that will restore our original values and beliefs that have slipped from us and restore in god we trust back into our daily lives.
when the people who were offended in god we trust got their way and started taking that away and the ten commandments away from public places and removing prayer from schools in the name of pc, our country started a downhill spiral we have never recovered from.
those of us who believed in these things were forced to do without them, in favor of those who were offended by these things because of pc and we were forced to live by their codes and put up with their ideas which we don’t necessarily believe in, but thats okay, because that is pc.
this whole world is now upside down. i have 7 dogs i love very much. they were all rescued. every day i spend with them, they make more sense to me and people make less sense. the more time i spend with them, the more i like dogs and the less i like people. life is just better, when i spend time with my dogs.
i just came from wal-mart. there were shopping carts in the store. i had to pull a couple apart to get a clean one. there were at least two that had trash in it where people had eaten stuff in the store and left the trash in the carts. people are so nasty and stupid. that is my sermon for the day.
U.S. Pilots Confirm: Obama Admin Blocks 75 Percent of Islamic State Strikes
‘We can’t get clearance even when we have a clear target in front of us’
This entry was posted in National Security and tagged Islamic State, Obama Administration.
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