ISIS Resources More Than ‘Any Other Terrorist Group In History’
ISIS is raking in more than $3 million a day from smuggling, human trafficking, theft and extortion.
The extremist group’s resources exceed that “of any other terrorist group in history,” said a U.S. intelligence official who, like others interviewed, spoke on condition of anonymity to discuss classified assessments. Such riches are one reason that American officials are so concerned about the group even while acknowledging they have no evidence it is plotting attacks against the United States…
“There’s a lot of money to be made,” said Denise Natali, who worked in Kurdistan as an American aid official and is now a senior research fellow at National Defense University. “The Kurds say they have made an attempt to close it down, but you pay off a border guard you pay off somebody else and you get stuff through.”
The price the Islamic State group fetches for its smuggled oil is discounted -$25 to $60 for a barrel of oil that normally sells for more than $100 – but its total profits from oil are exceeding $3 million a day, said Luay al-Khatteeb, a visiting fellow at the Brookings Institution’s Doha Center in Qatar.
The group also has earned hundreds of millions of dollars from smuggling antiquities out of Iraq to be sold in Turkey, al-Khatteeb said, and millions more from human trafficking by selling women and children as sex slaves.[su_csky_ad]