ISIS’s control of oil fields in Iraq and Syria is making it difficult for those countries to work with the United States to “degrade and ultimately destroy”  ISIS. Not only does their grip on oil production affect U.S. strategy, the brutal terrorist organization uses that oil wealth to help finance its terror operations.

And the profit margin isn’t small. The Daily Signal’s Kelsey Harkness writes:

According to the Iraq Energy Institute, an independent, nonprofit policy organization focused on Iraq’s energy sector, the army of radical Islamists controls production of 30,000 barrels of oil a day in Iraq and 50,000 barrels in Syria.

By selling the oil on the black market at a discounted price of $40 per barrel (compared to about $93 per barrel in the free market), ISIS takes in $3.2 million a day.

This amounts to nearly $100 million each month allowing ISIS to, as Heritage expert James Phillips explains, have a “solid economic base that sustains its continued expansion.” In order to succeed in destroying ISIS, the U.S. and its allies need to work “intently on cutting the oil revenues that make up a large portion of that funding,” Phillips concludes.

Do you think the President Obama’s top priority in stopping ISIS should be to cut its cash flow from the oil production?

Comments (22)

De Ette - September 12, 2014

Yes – cut off oil funds. Increase oil production in the U.S.

Charles S. Wertalik - September 12, 2014

We ABSOLUTELY must cut off that oil $$, or we’ll just be spitting into the wind! Hope we’re developing a plan to do this…FAST!

Roamer - September 12, 2014

I’m not sure I would say it should be the top priority, but it should certainly be a high priority!

Larry Blansett - September 12, 2014

These people are no “dummies”; they are obviously well organized, well financed, and their planning is well orchestrated and focused. We can’t say the same for our “acting” president, and his people who is so inept that war against Muslims is not allowed. Right will win, but our people and our country will be subjected to more horrible consequences in the meantime.

Marlene L Taylor - September 12, 2014

Why is the President not doing this? We should have already taken steps to stop these evil people! This country is not safe. Also the borders need to be closed.

DAVID BONNAR - September 12, 2014

The three things we must do to “win” the “war” against ISIS is : Target their Cexp3 comm sites; target their oil refineries; target their banking system. = End of ISIS!

Sergio Bungholio - September 12, 2014

Why not take out the refineries, trucks, pipelines and ships? What, that would be part a plan president zerO seems to not have

Alan Scott - September 12, 2014

If what you say about Isis and oil, yes, of course, we need to end that incoming money asap

Ed Schneider - September 12, 2014

Of course, we should cut off ISIS ability to sell oil to finance their sgression. Our Air Force should immediately bomb these oil fields and put them out of business. Thant’s a “no brainer”.

Linda G. White - September 12, 2014

P. Obama seems to rely on sanctions. He should make every effort to implement sanctions against ISIS or countries that purchase ISIS oil. Cut off their funding using all means available.

James A. Sagerholm - September 12, 2014

Not only should we hit ISIS, we should cut or turn off completely the purchase of petroleum from Saudi Arabia and the Gulf States as well. It is the petro-dollars flowing to the Saudis and the Gulf States that have been funding the resurgence of jihad as taught by the Wahabbist madrasahs that those petro-dollars have spread around the world. Saudi Arabia is the seat of Wahabbist teaching, and Wahabbism is the state religion of Saudi Arabia.

Maybelle Cross - September 13, 2014

Obama should do more to cut off oil money going to ISIS and Obama should do more to take the ISIS group down and kill all of them, if necessary to keep them from killing innocent people. If Obama doesn’t do more to take ISIS down, God will punish him forever. Be forewarned! The price from God will not be a pretty, non-painful punishment either! Stand up for America and for God’s people and example! Praise God from whom all blessings flow. Only God can punish Obama and ISIS and the punishment will be swift and painful!

David S. Glorioso - September 13, 2014

Who would buy this oil on the open market? And, furthermore, why on earth would they buy it? I’d assume that the oil is being purchased by other countries, most likely those who are hostile towards the US. (Cuba and North Korea are two that come to mind.)

But the bigger question is this: What is our insouciant Commander and Chief doing to block these oil purchases? There has to be some middle man through whom the oil is being purchased. Any other President would employ all available resources–which are many–to cripple their finances.

Susan J Reed - September 13, 2014

Cutting the cash flow of ISIS from oil production sounds like the most logical tactic to use, IF your idea was to stop them. President Obama has proven himself to be a lawless man and therefore not to be trusted. His agenda is more important to him than the safety of our nation; and I’m saddened to say that he could leave us all hanging in the wind while the terrorists complete their own mission of conquering the world for “Allah”.

David Terwilliger Sr. - September 13, 2014

Close the oil fields!!

A.lex - September 13, 2014

So who is it that’s buying all this oil from terrorists?

Fred Henry - September 14, 2014

The logical course of action to combat the actions of ISIS is to cut off their source of funding. We have often heard of a nation state funding of terrorist groups but without proof we cannot attack a suspected nation that may be financialy supporting a terrorist organization. ISIS can be stopped by securing their source of funding by military action.

Aileen Velthuis - September 14, 2014

I believe that we need to take action sooner rather than later. they have made it clear that they do not plant to stop in Syria and Iraq, but we are their ultimate destination. Meanwhile 1000’s are being killed and their homes and families taken from them. We need to form a strong coalition with other nations, and cut them down..

Ron Dvorak - September 14, 2014

Name the topic … since BEFORE this SO PATHETIC WANNA-BE President began lying to the American Public to win his election and re-election re: his qualifications and capabilities as he has SO FALSELY VERIFIABLY PROCLAIMED EVERY DAY SINCE FALSELY ELECTED NOT ONCE BUT TWICE BY HIS “BOUGHT UNION THUGS, ILLEGAL IMMIGRANTS, SILENCED MUSLIM MAINSTREAM, ETC, ETC … EVER SINCE THE DAY HE WAS SWORN IN (BASED ON HIS ENDLESS VERIFIABLE LIES).

Don - September 14, 2014

Much higher on obama’s priority list is stopping America’s cash flow from oil production! Don’t expect him to do something truly effective like that against our enemies, especially against muslims.

James R Fagersten - September 16, 2014

It’s time for us to march in and knock ISIS back into the stone. In the process we should secure and hold the wells until we have pumped and sold enough oil to pay all our war costs in the area, past and present.

LARRAINE VIVIANO - September 17, 2014

I’m sure the administration is aware of these facts – so why aren’t we focused on our own oil production (we have plenty to use and sell) and cutting the ISIS cash flow from the oil production? Or are we trying “too hard” to be Politicaly Correct” ! That will be our downfall.. Shame shame on us!

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