The Phaserl


ISIS Oil? Follow the Money (Back to Europe)

by Randy Johnson, 21st Century Wire:

While it might be beneficial to not live in the past and focus on the future, today did not get here without a steady amount of yesterdays.

In the current age of impulsive #hashtag history and sound-bite ‘solutions’, we would all do well to refocus on how things actually got to where they are today. This tends to be perennially true in the Middle East, and yet politicians and mainstream media are always too eager to pave-over any historical context, instead favoring a boiled-down version of events, normally reduced to overly simplified, binary components like “good guys” and “bad guys”.

The situation in Syria and the Middle East intensified greatly last month after NATO member Turkey shot down a Russian Su-24 fighter, allegedly for violating Turkish airspace. Ever since that moment, the hot subject of investigation has been the black market oil trade of the so-called Islamic State, and more importantly, what is Turkey’s role in either allowing, or facilitating this and other dark enterprises that could be fueling the violent jihadist conclave currently infesting both Syria and Iraq.

If you are still relying on the mainstream media for your information, then what we will reveal below in this report might come as a shock to you. When you follow the ISIS oil money, it traces straight back to the west.

The constant coverage of terror and warfare of the region may subside or rise like the tide, but just like the ocean it always seems to be there.  You see the surface and stare out at the horizon and can start to wonder what is really going on down there. To fully understand the full scale and scope of this issue, we will first briefly lay out the historical and geopolitical parameters in this region – but also look at how the story that is being sculpted by western media and political operatives – differs from the reality on the ground.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

1 comment to ISIS Oil? Follow the Money (Back to Europe)

  • rich

    EXCLUSIVE: Inside the commodity trader Vitol that pulls the levers of the global economy Simply put, Vitol is one of the biggest trading companies on the planet and the ninth largest corporation in the world by revenue.

    Simply put, Vitol is one of the biggest trading companies on the planet. It is the ninth largest corporation in the world by revenue, behind only Shell and BP from the FTSE 100, and comfortably ahead of Volkswagen, Apple and Chevron. Last year Vitol’s sprawling empire raked in $270bn in sales.

    The firm is among handful of mega-trading houses, that have been quietly operating in the shadows at the heart of global trade and commodity markets, keeping the world economy running with a constant supply of fuels, base metals, chemicals and foodstuffs.

    The rise of these companies has coincided with the commodities super-boom of the past 15 years and the seismic shift in world trade from west to east. As China, India and Brazil have become the new international powerhouses, Vitol, and its rivals Glencore, Trafigura, Gunvor, and Mercuria, have emerged as the powerbrokers pulling the levers of the global economy.

    Yet despite its size and reach, very little is known about Vitol or what it really does. This has fuelled accusations of secrecy, reports of dodgy deals with corrupt regimes, criticism of its tax affairs, and growing questions of whether its grip on world markets is too great.

    Taylor agrees that the company’s low profile has caused it problems and that the time has come for him and his peers to be more open.

    “We don’t think we have anything to hide,” he says. “We are very happy to talk and we recognise the need to talk about what we are doing, but not many people are interested in what we do and when they find out, they quickly get bored. There are no great secrets or scandals.”

    That last point is not strictly true. One of the reasons that Vitol has become such a serious player is Taylor’s willingness to do business with places that most other companies would run a mile from.

    From the war-hit Balkans,and the wilds of the Caucusus to Central Asian republics, tinpot Gulf dictatorships, and unstable African kingdoms, Taylor has a history of venturing where others fear to tread. Vitol has helped to prop up fledging, cash-strapped governments reliant on the sale of its raw materials on the international markets, and been pivotal in the toppling of others.

    “Hopefully we can provide something in terms of energy cheaply and efficiently. Obviously we don’t do it for that reason but there are certain times when, frankly, without us the lights would go out,” Taylor says.

    For example, without the help of Vitol, Kurdistan’s quest to break away from Iraq may never have got off the ground. In 2012, the company helped the Kurds sell their first cargo of oil independently of the Iraqi government. Vitol took delivery of a 12,000-tonne shipment of condensate, a light crude oil, worth more than $10m and has been at the heart of the booming development of Kurdistan’s oil industry ever since.

    Taylor’s buccaneering reputation was cemented the previous year when it emerged that Vitol had been a key backer of the Libyan revolution. Its savvy traders had managed to avoid a barrage of Nato bombs and a naval blockade to send dozens of tankers to rebel-held ports such as Tobruk and Zawiya. Supplies of diesel, petrol and fuel kept creaking power stations under rebel control from grinding to a halt and ultimately proved vital to efforts to overthrow Gadaffi. The trade was even more audacious because the rebels had no means of paying up front so Vitol agreed to provide it on credit.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>