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ISIL Nets $1.5-2.0 Million Per Day on Black Market Oil Sales

Black market oil sales are bringing the Islamic State of Iraq and the Levant (ISIL) revenue of $1.5 to $2.0 million per day, Reynolds reports, pointing to the difficulty of following the money and tracking ethical (or supremely unethical) behaviour across global supply lines. ISIL “is the most well funded insurgency in history,” he writes. “This means that, somewhere, a host of traders and middle men are working hard to blend that oil into your supply chain unnoticed.”

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