Will ISIS Use Dirty Bomb to Blackmail?
Who doesn’t love the current price of a gallon of gas? I was driving in to my office recently and noticed more than one fuel station posting gas at $1.55 per gallon. When George W. Bush first took office in 2001, the average price of a gallon was $1.55.
Remember back in 2012, during a debate with Mitt Romney Obama said: “When I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse.” So what does it tell us about the present Obama economy that gas prices are now some 30 cents lower than 2009 and in free fall? Sure, it’s great for us consumers – we’re saving a fortune on gas and heating oil – but it’s not great for our nation or the world economy.
Oil-producing nations, including our own, are feeling the strain of this glut of oil created by contracting world economies. This weak world outlook requires a lot less energy. Some are feeling the pinch much more than others. Countries like Russia are all but broke, since virtually its entire economy is based on oil and gas production.
Another state, the Islamic State, or ISIS, is also getting hammered over the cheap cost of oil, which they’ve been able to sell on the black market. Between the cost of oil and air strikes against its infrastructure, such as a major cash distribution center in Mosul, Iraq, purported to have held half a billion dollars, ISIS is hurting for money.
Until now ISIS, by projecting great wealth and power, has been able to attract many to its winning cause. But lately it has been forced to cut payments to most who work for the Islamic State. Civil servants and fighters alike have had their pay cut by as much as 50 percent. Plans for the creation of their own currency have been scrapped, at least for now. ISIS is requiring all payments to its government in U.S. dollars only. Great! We’re the official currency of the world’s largest terror organization.