Despite US airstrikes, ISIS still makes £300-million a year from oil

In spite of regular airstrikes by US and its allies, the Islamic State appears to be unperturbed and still continues to make more than £320-million a year from oil. Obviously, the strategy of the US is not paying the desired dividends because the U.S.-led bombing campaign was meant to break up the insurgency.
This has been reported in dailymail.co.uk dated 15 October 2015.

Figures obtained from oil workers in Syria and Iraq along with Western intelligence estimates would tend to suggest that up to 40,000 barrels are being produced every day in ISIS-held territory. This output can generate around £1million as daily revenue and is proof of failure to make a dent in the ISIS held refineries and pipelines.
It is a paradox that Syrian rebel fighters are forced to buy diesel from ISIS areas as they wage a war against the terror group. The jihadis have apparently modified their operations by creating hundreds of small makeshift facilities to refine the oil.
To counter this, the coalition is considering supplying cheaper oil to rebel groups that are fighting ISIS or, alternately, flooding the northern Iraqi market with cheap crude to undercut the terrorists.
(Image courtesy wikimediacommons.org)

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