Air strikes taking a toll on ISIL revenues

Bloomberg/Fuel Fix:

Islamic State’s oil revenue cut by air raids, falling oil

The strikes are beginning to concentrate on the refineries in the area ISIL controls.  The Islamic religious bigots have also made money from looting banks in towns and villages they have taken, but that requires continued conquest which has become harder now that they are on the defensive in many areas.

They were selling their oil at a discount on the black market, but eh falling prices has made it less attractive.


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