TheVictors
Well-known member
- Joined
- Sep 26, 2011
- Messages
- 14,206
ISIS sells oil well below 'market price' and to a very concentrated group of desperate buyers. I saw an Energy Analyst speak yesterday who said that ISIS basically sells its oil to low grade refiners ...likened to 'moonshiners' in how rudimentary and basic their processing is ...and then turn and sell this low grade petroleum to the population in the areas. ISIS isn't exporting oil anywhere and isn't necessarily thinking big picture about how to manage possible revenue from it. They're just thugs who stole it and are selling it on the black market to raise quick money.