Production you would be familiar with the processes and the targets and things like that . In terms of the military targets . Yeah, youre sitting there, youre fairly comprehensive in this report here, are you in that room is all im asking . We are linked up closely with the Defense Departments in terms of the overall level. But on a scale of one to ten how committed are you to stopping the oil revenues from coming in, the administration, one of ten . I would give that a ten, congressman . Okay, so why didnt you stop it this afternoon . You really want to do it, youre in the room. You can stop it today. You can move 30,000 barrels of oil basically is what the report is saying. That sells anywhere from 25 to 60 a barrel, resulting in 3 4 of a Million Barrels of oil. To move 350 barrels requires trucks. Now the report talks about choking off the funding for insurance. The insurance could cut the insurance off themselves, you dont have to truck one Insurance Company down. It is the trucks
Expansion of isis in the middle east. After that remarks by the israeli Prime Minister benjamin netanyahu. Next a look at u. S. Strategy against isis. Thursday david cohen, the undersecretary of treasury for terrorism and Financial Intelligence outlined his agencys work to attach the terror groups Funding Sources. This hearing of the House Financial Services committee is three hours. The committee will come to order. The chair will declare a recess at any time. Before we begin, if you think you are in a strange room, you are. We did not change the portraits, as i have announced previously to the committee. Our hearing room, i think, is the last hearing room in the raburn building to receive a sound upgrade and other modifications to make the room ada compliant. As a reminder to all members, we will be a no maddic tribe between now and theoretically the end of march. We hope that doesnt mean midw midwmid midmay. And we will take whatever Committee Room our friends will allow us to have.
It is often possible to tell where oil comes from although im also told there are some similarities among fields. I cant tell you with great certainty well be able to do that but i believe so. We all want to go after isis. The policy issue is do we go after isis in a way that causes harm to the civilians under its control . As i said in my Opening Statement we didnt hesitate to bomb occupied europe. If a businessperson of good character and reputation in mosul wants to buy something from europe using the International Banking system, a civilian item, do we try to stop that . Well, congressman, its we obviously would not try to stop a decent citizen in mosul well, we certainly did in world war ii, which we seem to have taken more seriously. You cant say im in occupied marseilles. Are you saying if i want to buy a replacement part for my factory in mosul, i can just buy it online . No, im not saying that what do we prevent the honest business person in occupied mosul from conducting civi
Chemical weapons use. The group is tremendously destabilizing force across large swaths of iraq and syria and the brutal campaigns have approximately u drawn the condemnation appropriately drawn of the broader International Community. In addition to the horrific massacres, kidnappings and decapitations, officials believe that isil is one of the Richest Terrorist Groups to ever exist with estimated assets in access of 1 billion. Unlike most other terrorist groups, which tend to rely heavily on foreign sponsors, isil generally raises funds internally limiting available to the Treasury Department to cut them off. From the formal Financial System regardless. The ability to sanction and block assets remains vital to ensure that over the long run the United States and our allies can shut down any funds that are tied to elicit oil sales, extortion and kidnapping for ransom. As we make progress in curtailing isiss internal funding schemes, it may be forced to rely more heavily on types of fund
By bringing the import duty on gold back down to 2%, the government could squeeze out the space for smuggling, improve tax compliance, and encourage larger remittances