ISIS Selling Black Market Crude for $30 bbl

A friend sent over the following article from EnerCom Consulting quoting Reuters that Exxon and Chevron evacuated their staffs from Iraqi Kurdistan this morning.   They also reported,

ABC News reports that analysts estimate ISIS currently makes $1 million a day selling the oil they have captured, and the number could get as high as $3 million a day if they seize the Shaar gas field. They have been selling the oil for $30 a barrel on the black market. The international price standards for oil is over $100 a barrel.

 

 

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