Officials Have Shifted From Simply Bombing Oil Fields Controlled By Islamic State To Targeting Energy Infrastructure Along The Production Chain, From Processing To Storage To Transportation, Amos Hochstein, The State Department's Energy Envoy, Said In An Interview On Friday.

The air strikes targeted the truck fleet near Palmyra, Syria on Thursday, a coalition statement said. Their destruction means lost revenues of about $2 million to Islamic State, the estimated value of fuel in the trucks, the coalition said. The strikes are part of a campaign by the U.S.-led coalition to target oil infrastructure controlled by Islamic State, which occupies swathes of territory in Syria and Iraq. The group has been on the backfoot as an Iraqi military campaign with U.S. coalition air support has succeeded in wresting back significant territory, including a series of oil fields. U.S. officials have shifted from simply bombing oil fields controlled by Islamic State to targeting energy infrastructure along the production chain, from processing to storage to transportation, Amos Hochstein, the State Department's energy envoy, said in an interview on Friday. "This is very easy oil to extract. You don't need to be a genius to do it," he said. "But we're moving them from the 20th century to the 17th, 18th century." That has increased the cost to Islamic State of producing each barrel of oil, and has lengthened the amount of time it takes to get a barrel of oil to market, cutting into its profit margins, he said.

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