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What’s made IS one of the richest terrorist armies ever?

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Published on Nov 19, 2015

Editor’s note: Due to an editing error, a sequence in this report included footage of Russian air strikes on ISIS oil resources, instead of the U.S. air strikes referenced. Keen observers in the NewsHour audience picked up on the mistake and alerted us to it. The NewsHour regrets the error.

How does the Islamic State militant group make money to fund its operations? A key source is oil extraction, which has helped make the group one of the richest terrorist armies in history. Economics correspondent Paul Solman takes a look at the Islamic State’s revenue sources, while William Brangham learns more from Cam Simpson of Bloomberg Businessweek.

View the Full Story/Transcript: http://www.pbs.org/newshour/bb/islami...

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