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The Petroleum TriangleOil, Globalization, and Terror$
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Steve A. Yetiv

Print publication date: 2011

Print ISBN-13: 9780801450020

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801450020.001.0001

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Oil Money, Terrorist Financing, and Weapons of Mass Destruction

Oil Money, Terrorist Financing, and Weapons of Mass Destruction

(p.107) 4 Oil Money, Terrorist Financing, and Weapons of Mass Destruction
The Petroleum Triangle

Steve A. Yetiv

Cornell University Press

This chapter offers a rough sketch of likely oil-related sources of income and their salience in the development and role of Al-Qaeda. Oil money has not been important to single or even multiple terrorist acts, nor to any particular element of the infrastructure of terror. However, it is vital in helping create, maintain, and expand this entire infrastructure. Al-Qaeda's most important financial support has come from charities, nongovernmental organizations (NGOs), mosques, intermediaries, and wealthy individuals. A large amount of these monies have been oil-related. Oil money may well have decreased in importance compared to other sources of income over time, and that trend may continue, or else it may reverse, as the world becomes more dependent on Middle Eastern oil and other factors come into play.

Keywords:   Al-Qaeda, terrorism, terrorists, oil money, funding, Middle East oil

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