Incredibly, it has taken over a year for the US-led anti-ISIL coalition to recognize that the Islamic State's funding is significantly dependent on crude, extracted by ISIL from captured oil wells, anonymous analyst for the financial website Zero Hedge Tyler Durden underscores.
"Still, without a doubt, the dominant source of funds for the terrorists is oil, and not just oil, but a well-greased logistical machine that keeps thousands of barrels moving from unknown pumps to even refineries, and ultimately to smugglers who operated out of Turkey and other countries," Durden wrote in his recent piece.
A bird flies in front of the Eiffel Tower ,which remained closed on the first of three days of national mourning, in Paris, Sunday, Nov. 15, 2015.
© AP PHOTO/ DANIEL OCHOA DE OLZA
Those Who Fuelled Extremism in Syria 'Now Mourn Paris Attack Victims' - US Columnist
But what is even more curious, is that Pentagon officials admitted that for more than a year they deliberately avoided targeting tanker trucks under the pretext of possible civilian casualties. However, that changed on November 16, when US Air Force and two gunships eradicated 116 oil trucks, the analyst elaborated.
"So any qualms about vaporizing 'innocent civilians' promptly disappeared when the Pentagon realized that its 1+ year-long campaign had been an epic debacle," the analyst remarked.
At the same time it is still begging the question whether the sharp oil price fall was prompted by ISIL's machinations in the global oil market. Is it a mere coincidence that Brent and WTI began their swift tumble last autumn when the Islamic State appeared on the world arena?
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