October 24, 2014

U.S. airstrikes succeeding in cutting oil financing for Islamic State

Featuring: Elizabeth Rosenberg

Source: UPI

Journalist: Daniel Graeber

President Barack Obama in early September announced coalition airstrikes would "degrade and ultimately destroy" the group calling itself the Islamic State.

With no boots on the ground, the Pentagon said striking oil installations controlled by the Sunni-led terrorist group would help cut off its revenue stream and thwart its ability to make territorial gains by destroying a critical fuel source.

In its latest assessment, the International Energy Agency said the military campaign may be working in degrading IS finances.

Read the full article at UPI.

Author

  • Elizabeth Rosenberg

    Former Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a former Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security. In this capacity, she publ...