Originally Posted by deflave
Originally Posted by fish head
The media is saying ISIS is selling millions of dollars of oil on the black market but who's buying it?

It sounds simple at first but then the next question is how are they transporting millions of barrels of crude oil?

The only feasible ways I can imagine is through pipelines or by ocean tankers. If it is transported by sea where's the port where tankers fill up?

And then ...

What entity or country has the resources to refine black market crude oil?

None of this adds up to me but then again I'm totally ignorant about black market crude oil in the ME.



I have always taken that to mean that the countries that fund them, simply take over the oil fields, and sell the oil.



Travis


There's an issue with that.

The transfer of funds would require the use of banks. I watched a very good clip from a reporter who seemed to have knowledge of what's happening in Mosul. He commented that since the takeover of the banks and their hard assets (cash and gold) that this has collapsed the banking system. ISIS and the territory they control is a strictly cash economy.