Iraq/Islamic State: With ISIS Making Millions, U.S. Boosts Its Attacks on Oil Fields

Nov 13, 2015 | Martin Matishak, Fiscal Times
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The U.S.-led air campaign against ISIS is revving up its efforts to choke off one of the terror group’s main sources of revenue: oil. Well over a year after the U.S. began launching airstrikes against Islamic State forces, jihadists still control large swaths of territory inside Iraq and Syria that include massive oil fields. The U.S. Treasury estimates ISIS takes in about $500 million in illegal oil revenue annually.