The Phaserl


ISIS: Is It All About The Oil?

by Claude Salhani, Oil Price:

The Islamic State of Iraq and Syria (ISIS) – the radical Islamist group in control of large swaths of the two countries from which it takes its name, has released a map on its web site projecting where it wants to be just five years from now.

If it manages to achieve just a fraction of what its intentions are, there is much to worry about. Is it a coincidence that almost all the countries this radical Islamist group aspires to rule are oil-producers?

I reported last week why I believe ISIS, or as it is also called in English, ISIL — the Islamic State of Iraq and the Levant — would not stop at controlling part or even all of Syria and Iraq. Indeed, if one understands the historic context of the group’s very name, it is easy to comprehend their actions and their intent, as well as why they must be taken seriously.

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