The ISIS terror group has seen its revenue fall by 30 percent from last year while the number of people living in territory under its control has dropped by a third, a new report says.
The consulting firm IHS reports that as of March 2016, ISIS' monthly revenue was $56 million, down from a high of $80 million in March 2015.
The decrease is due in part to diminished oil production in ISIS-controlled territories. IHS estimates that around 21,000 barrels of oil are produced each day in the self-proclaimed caliphate, down from around 33,000 barrels per day. The report gives airstrikes by the U.S.-led coalition and Russia partial credit for impacting ISIS' oil production, but also notes that the militants were able to repair damaged infrastructure quickly....MORE
Tuesday, April 19, 2016
A Possible Short: ISIS Revenue Down 30 Percent