Iraq/Syria/Islamic State: Airstrikes Reduce Islamic State Oil Revenue

Jan 8, 2016 | Jim Michaels, USA Today
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An air campaign aimed at crippling the Islamic State’s lucrative oil smuggling business has reduced the terror group's revenue from a peak of about $1.3 million a day to less than $1 million, a top State Department official said. Damage to the group’s oil infrastructure and distribution networks causes blackouts and fuel shortages in areas controlled by the Islamic State, said Amos Hochstein, the State Department’s special envoy for energy affairs.