Saturday, July 19, 2014

ISIS Takes Oil in Syria

By Micah Halpern
I've Been Thinking:

Over the past week our attention has shifted to Gaza and Israel. But there are still major issues that need to be monitored.

Syria had been relatively quiet.

ISIS, now IS, took its battle to Iraq and forces loyal to Assad are mopping up major swaths of regions that had been under the control of IS.

Then yesterday, from out of nowhere, IS attacked and captured a major oil field in Dir el Zour. It is the most significant oil production area in Syria and it fell to the Islamic State.

In the process over 100 of Assad's soldiers were killed and 200 taken captive. While at the same time only 20 IS fighters were killed.

This is a huge victory for IS, Baghdadi and his movement - not from the economic point of view but because of how the capturing those oil fields will stifle Assad's economy.

IS does not have the wherewithal to extract the oil and the markets and ability to sell the oil. But they prevented Assad from having it.

Micah@MicahHalpern.com 

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