The extremist group Islamic State of Iraq and Syria (ISIS) has been making substantial and rapid progress in its conquest of major Syrian oil fields. Together with an Iraqi oil field captured at the end of June, the militants have taken control of wide development areas on both sides of the Syria-Iraq border. And on Thursday...ISIS reportedly began selling oil out of Iraq.
Since ISIS is unable to sell the oil through legitimate channels, it has taken to the black market. According to news reports, French Foreign Minister Laurent Fabius has accused ISIS of selling oil to the regime of Syrian President Bashar al-Assad.Who then sells it to further his own war.
It's a big risk for the regime in Damascus, as the ISIS militants will only be temporary partners with the Assad regime. They're not concerned with keeping Assad in power. Their goal is to further expand the area of their recently declared caliphate, which already extends from Iraq through Syria to the Turkish border. And in Iraq, ISIS is planning to extend its territory to the south.Blame George W. Bush?