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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US and allies target sources of oil supply, the backbone of finance for ISIS

Cripple the ISIS by striking at the root of their finances is the strategy that the US and its allies have decided upon foxnews.com. Accordingly, they have unleashed a new round of airstrikes against Islamic State militants in eastern Syria by targeting a dozen small oil refineries.
As explained by U.S. officials, the objective was to target a dozen so-called “modular oil refineries”-- essentially small, ISIS-built refineries that the terror group uses to fuel its vehicles and to fund its operations. It seems as indicated by a Department of Defense official, the ISIS made roughly a $2 million a day profit from the modular oil refineries, which produced 300 to 500 barrels a day.
It seems a total of 13 airstrikes were conducted by both piloted aircraft and drones and, as per initial feedback, the strikes were successful. The intention was to leave the refineries largely intact, so that they eventually could be used again, but cripple the ISIS by destroying the support facilities.
The U.S. Central Command has revealed that, till date, it has carried out a total of 198 airstrikes against ISIS in Iraq and 20 in Syria – with the help of partner nations.