Reports from such sources as Pepe Escobar, Asian Times, tell us that the new Caliph is raking in $2million a day from their stolen refineries in Syria and Iraq. The bucks are being generated still on an oil black market run mostly from our ally Turkey.
The Saud"s concocted price decline, apparently sanctioned by the State Department, was designed to negatively impact Russia and Iran and bolster Administration esteem at the U.S. oil pump. What apparently they didn't calculate is that black market oil and their pricing is off the world oil reservation, so little impact on the Caliph.
The main bombing targets in Syria from the "coalition" are pipelines, not refineries which are really hard to rebuild. But the pipelines are empty because the Caliph is diverting the oil.
All this strategy just doesn't look too brilliant to me, but then, I'm just a guy sitting here in my bathrobe writing about what appears to be.
Why then are we over there? What good is this coalition that won't pony up ground troops? Iraq seems to be slipping away, further and further with little turnaround though we're sending more and more of our youthful treasure. What is the point?
