The Fuse

Capitol Crude: The Hazards of Islamic State Oil

March 14, 2016

Guest Post by Matthew M. Reed | @matthewmreed

Matthew Reed is Vice President of Foreign Reports, Inc. and a non-resident fellow at New America and the Payne Institute at the Colorado School of Mines.

The latest edition of Platts’ Capitol Crude podcast builds on issues I’ve explored here on The Fuse. I joined Platts reporters Herman Wang and Brian Scheid to discuss ISIS oil operations, revenues and exports; we also touch on bigger questions like whether or not international prices impact the ISIS market (spoiler alert: they don’t). Much of the conversation focuses on the effectiveness of the coalition’s airstrike campaign.

Click here to listen to the full interview on

To learn more, read my previous coverage on The Fuse, including Taking Stock of ISIS Oil (Part 1 and Part 2), Tidal Wave II: Understanding the Pentagon’s New Strategy to Cripple ISIS Oil, and Libya’s Oil in ISIS’ Crosshairs.

See also my Daily Beast article from December: Revealed: Assad Buys Oil from ISIS.