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SEP 17, 2014 - Business Insider

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Here's How ISIS Is Wrecking Iraq's Oil Industry

The Islamic State has taken over several oil-producing areas in Iraq and Syria, raising fears that the group could leverage its hydrocarbon wealth to the point of economic self-sufficiency. A Washington Post article today complicates that picture: ISIS is indeed producing between 25,000 and 40,000 barrels of oil a day, less than East Timor and Cameroon but about as much ...

Tags: Here's How ISIS Is Wrecking Iraq's Oil Industry,  Turkey Latest News

SEP 16, 2014 - Zero Hedge

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U.S. Targets Islamic State's Lucrative Oil Smuggling Operations

Submitted by Nick Cuningham via OilPrice.com, With U.S. President Barack Obama’s announcement of an open-ended plan for airstrikes on the Islamic State (IS), the U.S. and its allies will need to degrade the power and influence of the Sunni jihadist group, and that means reducing its incoming flow of oil money. And the Obama administration seems aware of that, according ...

Tags: U.S. Targets Islamic State's Lucrative Oil Smuggling Operations,  Turkey Latest News

SEP 16, 2014 - Business Insider

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ISIS Is Making Less On Oil Than Feared — But They're Still Wrecking Iraq's Biggest Industry

The Islamic State has taken over several oil-producing areas in Iraq and Syria, raising fears that the group could leverage its hydrocarbon wealth to the point of economic self-sufficiency. A Washington Post article today complicates that picture: ISIS is indeed producing between 25,000 and 40,000 barrels of oil a day, less than East Timor and Cameroon but about as much ...

Tags: ISIS Is Making Less On Oil Than Feared — But They're Still Wrecking Iraq's Biggest Industry,  Turkey Latest News

SEP 15, 2014 - Zero Hedge

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Petrodollar Panic: EU Officials Admit Buying Oil From ISIS

We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their ...

Tags: Petrodollar Panic: EU Officials Admit Buying Oil From ISIS,  Turkey Latest News

SEP 15, 2014 - Business Insider

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31 Countries That Have A Better Tax Code Than The United States

The US tax code is falling behind its international peers and now has the third worst tax code in the developed world according a new report from the nonpartisan think tank Tax Foundation. Tax Foundation's report, which was released Monday morning, found 31 0f the 34 developed countries in the Organisation for Economic Co-operation and Development have a better tax code ...

Tags: 31 Countries That Have A Better Tax Code Than The United States,  Turkey Latest News