Global Economy

  • Oct 20, 2014
    blog

    ISIL's $800 Million Oil Business

    The terrorist group Islamic State in the Levant (ISIL) is generating an income of $800 million annually from oil sales, according to IHS, a leading provider of energy information and analytics. ISIL is able to generate more than $2 million a day despite the fact that the production facilities it controls are producing significantly less than before the war and the group is selling the oil at a steep discount on the black market. Much of the oil is processed in mobile refineries that can be loaded by truck....More
  • Oct 16, 2014
    blog

    Brrr: Manufacturing in Canada Catches a Chill

    After a red-hot summer, Canadian manufacturing sales, led by autos, cool off....More
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