Newsweek: How Does ISIS Fund Its Reign of Terror?

By , and  /
November 6, 2014 7:30 AM EST 

Smuggling fuel is easier in a city like Erbil than smuggling oil. “If you’re smuggling crude oil, you have to smuggle a large quantity of it to get value. It’s not like diamonds,” says Peter Galbraith, a former U.S. ambassador to Croatia who advises the Kurdistan Regional Government in northern Iraq. “That’s why it’s better to have a pipeline. Now, if you’re taking a refined product like diesel or some other fuel, then it is possible to transport and sell it in small amounts.”

Galbraith is pessimistic. His biggest concern is the lack of a ground army powerful enough to defeat ISIS—apart from that of the U.S., whose engagement at ground level has been strictly ruled out by President Barack Obama. “When I look at ISIS, I don’t see them becoming one of the great societies of the Middle East. On the other hand, I don’t see them being defeated either,” he said. “We may be able to contain them, but it is hard to see who is going to overtake them.”

Go read the complete article at this link.

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