FACTS ABOUT FUNDING THE TERRORSTS... HOW OIL MONEY SUPPORTS GLOBAL JIHAD AGAINST THE WEST.

Money and the Islamic State of Iraq and Syria

August 11, 2014 In 2007, the Islamic State of Iraq was seen as “the richest of the insurgency groups” in Iraq with $1 billion to 1.5 billion “collected in revenue by the group through foreign donations, enforced taxation and confiscation of the property and funds of Iraqis.” But the U.S. surge and ISI missteps significantly damaged the jihadist group’s ability to raise funds.
Seven years and three names later, ISIS amassed a $2 billion comeback and took control of large swathes of territory in northern Iraq including Mosul and 35 percent of Syria.
ISIS’s financial recovery has been marked by a slight shift away from reliance on local extortion networks (although those are still in effect), improved organizational and financial management by ISIS leader and self-proclaimed caliph Abu Bakr al-Baghdadi, and the departure of U.S. troops in 2011.
The most important elements of ISIS’s funding are sadaqa (voluntary donations) from Arab donors in the Gulf; sales and tolls collected on sales of oil from fields under its control; and increasingly through money made by controlling key infrastructure.
Here’s a rundown of ISIS’s main funding channels:
Sadaqa from private donors

• Support from Saudi donors and fighters
• Qatari donors and bundlers (see here, here, and here)
• Kuwaiti fundraisers
• Donors from the United Arab Emirates
• Other donations around the world including Indonesia

Fundraising is aided by contemporary marketing methods

• Publication of a glossy annual report to attract “investors”
• Increased use of social media to raise funds

Oil

• ISIS controls 60 percent of Syrian oil including the lucrative Omar field
• In Iraq, ISIS controls Butmah and Ain Zalah oil fields, the refinery in Baiji, and oil and gas resources in Ajeel in northern Iraq
• ISIS sells or collects a portion on black market sales to Turkey, Iran, and in Syria itself
• Revenue estimates for ISIS range from $1 million to $3 million daily

Dams

• In addition to oil, control of key infrastructure such as the dams in Mosul, Fallujah, and Tabqa present increasingly significant revenue potential for ISIS.
• Professor Ariel Ahram notes this is already occurring at Tabqa, where ISIS is involved in selling electricity.
• New York Times reporter Tim Arango says that possession of the Mosul dam can enable ISIS to “use it as a method of finance” through extortion schemes to continue their operations.

Other sources

• Isis has seized arms from Iraqi depots, including U.S. weapons given to Iraqi forces, plus weapons smuggled from Turkey and Croatia
• The collection of ransom money has sustained ISIS throughout its existence
• Antiquities smuggling

Incidently, little is being done by the Gulf states to curtail the flow of donations to ISIS because they either want an independent Sunni state carved out of Iraq or to replace Iraq’s Shia-led government with Sunnis. Washington should designate Saudi Arabia and Qatar as state sponsors of terrorism, but it won’t because of diplomatic considerations.
Without interdicting the donations and the contraband oil, U.S. airstrikes will have limited effect on ISIS’s coffers.


MAKE NO MISTAKE .. THE OBAMA CABAL  gets a kick back from the increased cost of OIL.... so he will not do a damned thing!!

REVOLT AND REMOVE AND RESTORE... RRR Its the only way left!!