Posted by RN on November 25, 2014 at 15:50:53 from (68.190.80.254):
In Reply to: Re: OT Low Gas Prices posted by Ted in NE-OH on November 25, 2014 at 14:38:45:
ISIS got a couple of refinery areas in Iraq couple months back on their surge, had a north Syrian one also. Rumor has it the ISIS discount price was about $35.00 a barrel and buyers resell to Turkish broker that feeds the Turkish refineries - and also buys some from Kurds for $50.00. Truck tanker hauls across border and Turks check it and let through because it goes to their agent that pays tax's ,etc to government - or a government power broker. Some other discounts, fees sometimes involved- but end product is gasoline and kerosene, diesel for mostly local markets with some going to nearby Med markets in Cyprus and Greece. Can't tell end product from oil from the Iraqi government well source- black market for oil has been around since Saddam got embargoed. Reuters and AP articles. RN.
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