Posted on 09/15/2014 11:16:01 AM PDT by Rusty0604
We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments).
As The Daily Signal's Kelsey Harkness ( @kelseyjharkness ) notes,
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.
And now we know who is buying... (as Sott.net reports)
A senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group.
In a briefing to the European Parliament Foreign Affairs Committee, EU Ambassador to Iraq Jana Hybas-kova said some European countries have purchased crude from the ISIL.
She, however, refused to disclose any names despite pressure by some Parliament members to do so.
The EU official also warned against any support by the West for separatist Kurdish groups who, she said, would destabilize the Middle East.
Earlier reports accused Turkey of buying and transporting oil from both the ISIL and Qaeda-linked Nusra Front. According to the reports, Western intelligence agencies could track ISIL oil shipments as they moved across Iraq and Turkey.
ISIL reportedly controls eleven oil fields in northern Iraq as well as Syria's Raqqa province.
US intelligence officials estimate that the Takfiri militants earn more than USD 3 million a day from oil profit, theft, human trafficking and ransom. They say the militants sell oil and other products via established networks in Turkey, Jordan and Iraq's Kurdistan region. ?Turkey has denied reports of involvement in ISIL's oil smuggling operations.
* * * How long before US places sanctions directly on these European nations (instead of implicitly through Russia)?
And what was the currency used in the exchange?
The EU is buying oil from ISIS??!! NO!! They should lose all credibility once it is proven that they knowingly chose to help the terrorist grow and profit. This is incredible.
They refuse to say who is buying the oil, so this article is worthless.
Reclaim or bombs away on the oil fields.
Brings to mind Lenin’s quote: “ We will hang the capitalists with the rope that they sell us.”
Except that they are buying in this case.
That’s what I’m saying.
Another reason there should be no US boots on the ground.
The Euros are in trouble regarding energy. They are refusing Russian gas. Germany has closed down their nuclear energy business in favor of windmills!!!! Other than Norway, Holland, England/Scotland there are few indigenous petroleum deposits. Europe is an energy desert and they have to get it from somewhere.
North America no longer needs to import foreign oil. If Saudi Arabia et al cease production, the price will go up, but we will have enough for ourselves. Europe and China are the ones who should be confronting IS.
Anyone who watches this show has to have a lower IQ than the late Rodney King. We already know most of the cast of The View are well below Rodney on the IQ scale.
Sorry, I hit the wrong hyperlink. Meant to reply to the previous hyperlink on The View TV show.
And Russia has cut the supply to some EU countries. Besides, ISIS is selling at a discount. I don’t think there is any good reason to support terrorists.
So, ISIS oil is OK, but Kurdish oil is off limits.
Thanks for explaining, I would have spent the rest of the day trying to make a connection, LOL.
Yet we are helping the Kurds fight ISIS. Bizarre.
What EU country is refusing Russian gas?
North America no longer needs to import foreign oil.
Maybe someday but it hasn't arrived yet. We still import more oil and refined product than we export.
Marx said we will hang the capitalists with the rope they sold to us.
At which point, we ought to be buying Kurdish oil - including that tanker that floated in the Mediterranean for months because the Kurds wanted to sell it and the central government of Iraq didn’t.
The fact that they’re not bombing ISIS oil production facilities is a sign that the fight against it is totally suspect.
Who is in charge of the fight against ISIS? I doubt that their oil facilities are as heavily defended as the Ploesti facilities in Romania were. Yet, the USAAF went ahead and bombed them. A cruise missile could do the job today.
Something is drastically wrong. High treason?
Time to bomb the hell out of the Euro-weenies!!!
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