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Posted: 9/23/2014 12:52:03 AM EDT
[#1]
Fill truck, drive truck to middle man, sell contents for 75% of market value.
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Posted: 9/23/2014 1:00:40 AM EDT
[#2]
Quote HistoryQuoted:
Fill truck, drive truck to middle man, sell contents for 75% of market value. This is crude so truck transport wouldn't be efficient enough for 30000-40000 barrels a day. Plus the fields they control are spread out geographically between Syria and Iraq. Like I said before the logistics of moving this to buyers would be crazy. Does ISIS have the management team to oversee this successfully on a daily basis? That makes me fear what kind of operation this group actually has the capability of. I am wondering if they are not operating the fields "business as usual" for the upstream recipients and being paid for the services. This would seem like a bad spot to be in for the delivery entities, but I guess the rationale of "life must go on" would probably win out, especially from a business standpoint where these entities could be losing major dollars with a transportation shutdown. I was hoping someone with experience in the ME oil industry could chime in with some insider views. |
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Posted: 9/23/2014 1:03:40 AM EDT
[#3]
Perhaps many of the ME oil men appear similar to the ISIS assholes, have similar sounding names, perhaps even congregate together. Confusing indeed, but I'm sure it's all just coincidental...
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Posted: 9/23/2014 1:05:11 AM EDT
[#4]
Assad is allowing them. He's playing both side of the field.
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Posted: 9/23/2014 1:09:32 AM EDT
[#5]
Everyone wants the Texas tea.
And I imagine there's some "take our silver or take our lead" going on as well. Money creates it's own way. |
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Posted: 9/23/2014 1:10:33 AM EDT
[#6]
Quote HistoryQuoted:
Assad is allowing them. He's playing both side of the field. IIRC there were a few news stories that went out from over in that part of the world (they were linked in that 90+ page thread of ISIL invading Iraq) stating that Assad was actually purchasing oil from ISIL. Kind of like an "enemy of my enemy is my friend" type of deal. I think it was because all the western sanctions were making it tough for the Syrian government to get their hands on raw crude, that, and the FSA had already taken a sizeable quanity of the government controlled oil fields. I'd venture a guess that a lot of their revenue is coming from that. |
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Posted: 9/23/2014 1:17:40 AM EDT
[#7]
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Posted: 9/23/2014 1:41:03 AM EDT
[#8]
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Posted: 9/23/2014 1:54:01 AM EDT
[#9]
Quote HistoryQuoted:
Hmmmm, not what I expected. Quote History? Simpler, more complicated? I think most Americans wouldn't understand how it's done. These people have a complicated system that works off their control of others, through fear and blackmail of course, and the turning of a blind eye by supposed US allies in the area because they also make money. Nothing new there. |
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Posted: 9/23/2014 1:59:43 AM EDT
[#10]
would we bomb a China Tanker Ship
Just asking 
or where does China stand on the ISIS issue 
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Posted: 9/23/2014 2:01:13 AM EDT
[#11]
I wondered the same thing ...
My research said : $30 a barrel in Turkey "black market". 
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Posted: 9/23/2014 2:07:04 AM EDT
[#12]
Analyst on tv (I know...I know) said $40/barrel on the black market. No serial numbers on oil.
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Posted: 9/23/2014 2:08:52 AM EDT
[#13]
We're probably buying it from them.
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Posted: 9/23/2014 2:13:00 AM EDT
[#14]
They make a little bit off of the oil. They make most of their money selling Slurpees and those rotating hot dogs. |
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Posted: 9/23/2014 9:04:50 AM EDT
[#15]
Can I still get in before the PSA connecting every fucking thing I buy to supporting terrorism?
"Hey there! Yeah, you with the five quarts of motor oil. You thinking of changing your vehicle's oil? Not so fast. . . It's not just an innocent oil change. The fact is; petroleum funds terrorism. Change your oil, buy a bomb. There's no difference. Think about it." (This important PSA brought to you by the ad council, your local station and the new Chevy Volt) |
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Posted: 9/23/2014 9:10:57 AM EDT
[#16]
Quote HistoryQuoted:
I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". This |
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Posted: 9/23/2014 9:17:24 AM EDT
[#17]
Quote HistoryQuoted:
They make a little bit off of the oil. They make most of their money selling Slurpees and those rotating hot dogs. Mmmm steak tornados 
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Posted: 9/23/2014 9:18:33 AM EDT
[#18]
Quote HistoryQuoted:
This Quote HistoryQuoted:
Quoted:
I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". This This should be correct. 60 Minutes Sunday night interviewed the Kurdish Defense Minister and he said they were selling it on the black market for $30 barrel. He said ISIS is making 6 million $ a day in revenue. I believe that's total revenue though. That's a lot of $. |
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Posted: 9/23/2014 9:20:33 AM EDT
[#19]
Follow the money
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Posted: 9/23/2014 9:21:18 AM EDT
[#20]
Quote HistoryQuoted:
This is crude so truck transport wouldn't be efficient enough for 30000-40000 barrels a day. Plus the fields they control are spread out geographically between Syria and Iraq. Like I said before the logistics of moving this to buyers would be crazy. Does ISIS have the management team to oversee this successfully on a daily basis? That makes me fear what kind of operation this group actually has the capability of. I am wondering if they are not operating the fields "business as usual" for the upstream recipients and being paid for the services. This would seem like a bad spot to be in for the delivery entities, but I guess the rationale of "life must go on" would probably win out, especially from a business standpoint where these entities could be losing major dollars with a transportation shutdown. I was hoping someone with experience in the ME oil industry could chime in with some insider views. Quote HistoryQuoted:
Quoted:
Fill truck, drive truck to middle man, sell contents for 75% of market value. This is crude so truck transport wouldn't be efficient enough for 30000-40000 barrels a day. Plus the fields they control are spread out geographically between Syria and Iraq. Like I said before the logistics of moving this to buyers would be crazy. Does ISIS have the management team to oversee this successfully on a daily basis? That makes me fear what kind of operation this group actually has the capability of. I am wondering if they are not operating the fields "business as usual" for the upstream recipients and being paid for the services. This would seem like a bad spot to be in for the delivery entities, but I guess the rationale of "life must go on" would probably win out, especially from a business standpoint where these entities could be losing major dollars with a transportation shutdown. I was hoping someone with experience in the ME oil industry could chime in with some insider views. You're off a bit on your numbers. |
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Posted: 9/23/2014 9:22:18 AM EDT
[#21]
Good ol' fashioned protection racket ?
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Posted: 9/23/2014 9:27:36 AM EDT
[#22]
Quote HistoryQuoted:
I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". Where does the oil go from there? |
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Posted: 9/23/2014 9:48:34 AM EDT
[#23]
Why are we not dropping a JDAM on these oil facilities to cut off their money machine?
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Posted: 9/23/2014 10:00:50 AM EDT
[#24]
I suspect there was already an extensive infrastructure for black market oil sales that now happens to fall in ISIS territory. They're just extorting it.
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Posted: 9/23/2014 10:05:05 AM EDT
[#25]
Quote HistoryQuoted: Where does the oil go from there? Quote HistoryQuoted: Quoted: I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". Where does the oil go from there? What do people do with oil after they buy it?
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Posted: 9/23/2014 10:06:09 AM EDT
[#26]
Quote HistoryQuoted:
Let me help you. What do people do with oil after they buy it? Quote HistoryQuoted:
Quoted:
Quoted:
I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". Where does the oil go from there? What do people do with oil after they buy it? 
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Posted: 9/23/2014 10:07:09 AM EDT
[#27]
Quote HistoryQuoted:
Let me help you. What do people do with oil after they buy it? Quote HistoryQuoted:
Quoted:
Quoted:
I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". Where does the oil go from there? What do people do with oil after they buy it? Refine it |
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Posted: 9/23/2014 10:07:46 AM EDT
[#28]
Quote HistoryQuoted: Refine it Quote HistoryQuoted: Quoted: Quoted: Quoted: I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". Where does the oil go from there? What do people do with oil after they buy it? Refine it |
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Posted: 9/23/2014 10:11:18 AM EDT
[#29]
Quote HistoryQuoted:
Good ol' fashioned protection racket ? isis is in the insurance racket, give us 5 bucks a barrel or we insure you will have an "accidental" fire 
it's what i would do if i were a shit bird living in a shit hole |
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Posted: 9/23/2014 10:15:41 AM EDT
[#30]
Quote HistoryQuoted:
Assad is allowing them. He's playing both side of the field. Bingo. His economy needs that fuel, as well. He's not exactly flush with cash, so buying it at a discount is even better. What is his choice. The FSA is the bigger threat to him, because its far more legitimate than ANF and IS. |
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Posted: 9/23/2014 10:16:58 AM EDT
[#31]
They could sell it through the Turks. Saddam did.
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Posted: 9/23/2014 10:18:57 AM EDT
[#32]
Black Market baby! (But thats racist.) Let's just call it the less than upstanding established marketing structure.
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Posted: 9/23/2014 10:38:34 AM EDT
[#33]
Quote HistoryQuoted:
This should be correct. 60 Minutes Sunday night interviewed the Kurdish Defense Minister and he said they were selling it on the black market for $30 barrel. He said ISIS is making 6 million $ a day in revenue. I believe that's total revenue though. That's a lot of $. Quote HistoryQuoted:
Quoted:
Quoted:
I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". This This should be correct. 60 Minutes Sunday night interviewed the Kurdish Defense Minister and he said they were selling it on the black market for $30 barrel. He said ISIS is making 6 million $ a day in revenue. I believe that's total revenue though. That's a lot of $. 6000000/30 = 200000 bpd That's a lot of oil to "smuggle." 
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Posted: 9/23/2014 10:41:37 AM EDT
[#34]
Quoted:
I read recently that they are making 1.2 million dollars per day in oil trades. Referencing pipeline maps shows that they don't control a single point of delivery, while they do control a number of established fields. For some reason this doesn't compute. I know there are black markets, but the logistics to generate that kind of daily delivery and revenue seem mind boggling. I am not educated enough to know how those markets are regulated, but I would think for the crude to make it to refinery there would have to be proper channels for it to source from. Does anyone have any additional information on how this could be occurring? Would it surprise you to learn that the very governments they are fighting would buy the oil? Look at it this way: Iraq needs that revenue to A) Prop up current politicians, B) Keep populace in line, & C) "fight" ISIL. (In that order.) Iran...loving it! 50% of the money is better than 0%. |
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Posted: 9/23/2014 10:47:45 AM EDT
[#35]
Quote HistoryQuoted:
I suspect there was already an extensive infrastructure for black market oil sales that now happens to fall in ISIS territory. They're just extorting it. That is what the CNN article said. The infrastructure and middle men always existed but in a smaller scale. |
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Posted: 9/23/2014 10:50:14 AM EDT
[#36]
Not discounting the black market - but if you control any part of a pipeline, you can demand a a toll. Not 100% extortion, but a simple business agreement. A toll could be cash - pay or the pipeline is shut down, or the toll could be parasitic (they could divert some of the flow). If the toll was low enough, most producers would recognize it as a cost of doing business. Most producers in the US, do not own the pipelines - those are set up as separate entities.
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Posted: 9/23/2014 10:53:51 AM EDT
[#37]
Is blood oil the new blood diamond?
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Posted: 9/23/2014 10:55:08 AM EDT
[#38]
So, a rebellious group plans to set up their own independent country funded by the oil under their control.
Sounds... topical and familiar |
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Posted: 9/23/2014 10:58:34 AM EDT
[#39]
Quote HistoryQuoted: Fill truck, drive truck to middle man, sell contents for 75% of market value. I heard less than 75% via NPR but yeah, basically this. Then the oil gets laundered somehow through several markets. I liken it to blood diamonds. |
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Posted: 9/23/2014 5:29:16 PM EDT
[#40]
Quote HistoryQuoted:
You're off a bit on your numbers. Quote HistoryQuoted:
Quoted:
Quoted:
Fill truck, drive truck to middle man, sell contents for 75% of market value. This is crude so truck transport wouldn't be efficient enough for 30000-40000 barrels a day. Plus the fields they control are spread out geographically between Syria and Iraq. Like I said before the logistics of moving this to buyers would be crazy. Does ISIS have the management team to oversee this successfully on a daily basis? That makes me fear what kind of operation this group actually has the capability of. I am wondering if they are not operating the fields "business as usual" for the upstream recipients and being paid for the services. This would seem like a bad spot to be in for the delivery entities, but I guess the rationale of "life must go on" would probably win out, especially from a business standpoint where these entities could be losing major dollars with a transportation shutdown. I was hoping someone with experience in the ME oil industry could chime in with some insider views. You're off a bit on your numbers. I went back to find the article. I misread 1.2 million british pounds per day ($2million). That would be approximately 66666 barrels per day. The idea of transporting that per day without a pipeline to multiple destinations just doesn't compute. They have to be delivering to multiple destinations, otherwise we would just airstrike the shit out of a single delivery point. I didn't intend for this to be a "oil funds terrorism" topic. Instead, I just find it interesting the pacifists we have running this country would not at first attempt to get a handle on this via economic action before going for the gun. It is also telling that everyone "knows" about a black market, yet it is allowed to remain. |
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Posted: 9/23/2014 5:32:28 PM EDT
[#41]
Quote HistoryQuoted:
I heard less than 75% via NPR but yeah, basically this. Then the oil gets laundered somehow through several markets. I liken it to blood diamonds. Quote HistoryQuoted:
Quoted:
Fill truck, drive truck to middle man, sell contents for 75% of market value. I heard less than 75% via NPR but yeah, basically this. Then the oil gets laundered somehow through several markets. I liken it to blood diamonds. The best kind of Diamonds... |
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Posted: 9/23/2014 5:53:12 PM EDT
[#42]
Quote HistoryQuoted:
Why are we not dropping a JDAM on these oil facilities to cut off their money machine? Because the price of oil on the open market would go through the roof and Obama would take the heat. They'd rather fund terrorism. TC |
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Posted: 9/23/2014 5:57:05 PM EDT
[#43]
Some of the oil from the captured Syrian fields was bought by Assad's government although most of it goes through Turkey while they look the other way.
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Posted: 9/23/2014 6:32:18 PM EDT
[#44]
Quote HistoryQuoted:
Let me help you. What do people do with oil after they buy it? Quote HistoryQuoted:
Quoted:
Quoted:
I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". Where does the oil go from there? What do people do with oil after they buy it? Do you even rhetorical question, bro? |
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Posted: 9/23/2014 6:52:23 PM EDT
[#45]
Quote HistoryQuoted: Do you even rhetorical question, bro? Quote HistoryQuoted: Quoted: Quoted: Quoted: I wondered the same thing ... My research said : $30 a barrel in Turkey "black market". Where does the oil go from there? What do people do with oil after they buy it? Do you even rhetorical question, bro? |
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Posted: 9/23/2014 7:41:13 PM EDT
[#46]
So, Assad is in on it?
Chemicals his own people, however, now the enemy of my enemy is a friend of mine? |
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Posted: 9/23/2014 7:49:12 PM EDT
[#47]
They all wring out their greasy-ass head towels in a bucket as they pass by Alli Ashir's desk on the way out to kill infidels. He then distils and sells to BP. $$$$
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Posted: 9/23/2014 7:53:49 PM EDT
[#48]
Seemed like on some of the video out about them, they are already collecting tax revenue from the locals they control, under law from the Koran. They even have a tax system for the non-believers, assuming they don't outright kill them.
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Posted: 9/23/2014 11:54:00 PM EDT
[#49]
Quote HistoryQuoted:
So, Assad is in on it? Chemicals his own people, however, now the enemy of my enemy is a friend of mine? Was Assad really behind the chemicals? I thought it seemed an awful lot like a false flag to coerce our involvement on behalf of the rebels, which almost worked. It wasn't until public opinion came out against it that the current asshat in chief changed his mind. At least that is how I remember it. |
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Posted: 9/24/2014 9:04:47 AM EDT
[#50]
Quote HistoryQuoted:
Was Assad really behind the chemicals? I thought it seemed an awful lot like a false flag to coerce our involvement on behalf of the rebels, which almost worked. It wasn't until public opinion came out against it that the current asshat in chief changed his mind. At least that is how I remember it. Quote HistoryQuoted:
Quoted:
So, Assad is in on it? Chemicals his own people, however, now the enemy of my enemy is a friend of mine? Was Assad really behind the chemicals? I thought it seemed an awful lot like a false flag to coerce our involvement on behalf of the rebels, which almost worked. It wasn't until public opinion came out against it that the current asshat in chief changed his mind. At least that is how I remember it. The purity of the sarin cited in the UN report argues against this hypothesis. |
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