http://www.cnbc.com/2016/01/19/oil-prices-fall-further-on-gl...
http://www.gamesindustry.biz/articles/2014-02-11-clash-of-cl...
Call it ~1,000 / month or ~30$ a day. Let's assume 1/3 of that 1 million / day goes to fighters and the rest is overhead. ~= 10,000 fighters which is a significant force and importantly it's replaceable with new recruits.
PS: Though that could significantly understate things if the average is closer to say 500$ per month and / or overhead is lower and paid with other income sources.
Anyway poking around the web it looks like they are somewhere between 7,000 and 35,000 fighters which seems to be in the right ballpark for 1Million / day revenue.
PS: And of course graft is a major issue.
This doesn't change the overall thrust of your point. Just noting for accuracy only.
A funny thing about the oil transports is that until not so long ago they were sort of a public secret. Because it was Turkey, USA's NATO ally, where most of those transports were going to, but Turkey was of course denying that.