Examining Terrorism and the Global Oil Markets, Hearing Before the Senate Committee on Energy and Natural Resources, One Hundred Fourteenth Congress, First Session, December 10, 2015   [open pdf - 1MB]

This is a testimony compilation of the December 10, 2015 hearing on "Examining Terrorism and the Global Oil Markets" held before the Senate Committee on Energy and Natural Resources. From the opening statement of Keith Crane: "Unfortunately, the costs of perpetrating a terrorist attack are small. The bombings in Madrid in March 2004 and the London bombings of July 2005 cost about $80,000 and $15,000, respectively. Terrorists often finance these operations with their own resources or criminal activities. Oil plays little role in financing terrorist attacks because the costs of mounting these attacks are relatively low. In contrast, insurgent groups like ISIL need substantial sums of money to finance their operations. According to General James Clapper, director of U.S. national intelligence, the intelligence community estimates that ISIL fielded 31,000 fighters in 2014. Others estimate that ISIL has as many as 80,000 members. ISIL members have to be paid a salary. ISIL also has to pay for ammunition, weapons, and vehicles, as well as fuel and spare parts. It also pays for intelligence and security personnel, schools, and some health care in the areas it controls." Statements, letters, and materials submitted for the record include those of the following: Lisa Murkowski, Maria Cantwell, Keith Crane, Peter Harrell, Sara Vakhshouri, and Jamie Webster.

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