Used Cooking Oil: A Hot Property Black Market Item

Spent Cooking Oil BinNatt Garun writes in Gizmodo:

People resort to the black market for all sorts of stolen goods: cellphones, watches, cars, babies. But used cooking oil? According to the Washington Post, that’s a thing too.

Thieves are now moving into the green market by stealing used cooking oil from the back of restaurants. They sell the sludge to recyclers, who then process it into biodiesel. The oil can go for as much as $4 per gallon on the down low.

Since this is a pretty new criminal enterprise, police aren’t entirely sure what to do with the perps — or how to stop the theft from happening. In some states it’s a misdemeanor. Meanwhile in Virginia, two men caught greaselifting were charged with grand larceny. Serves you right for those sticky, err, slippery fingers.

Read More: Gizmodo

21 Comments on "Used Cooking Oil: A Hot Property Black Market Item"

  1. simple drawing | Nov 26, 2011 at 10:18 pm |

    at least they are helping the eviroment.

  2. simple drawing | Nov 26, 2011 at 10:18 pm |

    at least they are helping the eviroment.

  3. simple drawing | Nov 26, 2011 at 6:18 pm |

    at least they are helping the eviroment.

    • DeepCough | Nov 26, 2011 at 9:32 pm |

      See, I think this is what the Green Movement needs: “entrepreneurship.”

  4. do the companies want to keep it? or are the “thieves” offering them a free service by removing and recycling it?

  5. do the companies want to keep it? or are the “thieves” offering them a free service by removing and recycling it?

    • Eric Kunz | Nov 27, 2011 at 5:39 am |

      Many restaurants sell their used cooking oil to recyclers, thus the thieves are actually costing them money.

  6. DeepCough | Nov 27, 2011 at 1:32 am |

    See, I think this is what the Green Movement needs: “entrepreneurship.”

  7. Wastelandindustrial | Nov 27, 2011 at 4:20 am |

    Im calling BS. Not even diesel goes for $4 a gallon.

  8. Wastelandindustrial | Nov 27, 2011 at 12:20 am |

    Im calling BS. Not even diesel goes for $4 a gallon.

    • and you would be wrong. Diesel prices have been just above or just below 4 per gallon for awhile now. As far as bio diesel goes it does cost a bit more. For one the bio diesel industry doesn’t get subsidies like big Oil does.

      However these guys getting 4 per gallon for unprocessed oil doesn’t make to much sense..

    • Eric Kunz | Nov 27, 2011 at 5:37 am |

      Where do you live? Around the Pittsburgh area, diesel is $4.09 a gallon on average.

  9. and you would be wrong. Diesel prices have been just above or just below 4 per gallon for awhile now. As far as bio diesel goes it does cost a bit more. For one the bio diesel industry doesn’t get subsidies like big Oil does.

    However these guys getting 4 per gallon for unprocessed oil doesn’t make to much sense..

  10. Where do you live? Around the Pittsburgh area, diesel is $4.09 a gallon on average.

  11. Many restaurants sell their used cooking oil to recyclers, thus the thieves are actually costing them money.

  12. Anonymous | Nov 27, 2011 at 5:48 pm |

    How much product does it process into?

  13. Floppyloppypoo | Nov 28, 2011 at 12:08 am |

    Christ, The Simpsons dreamed this up years ago.

  14. Floppyloppypoo | Nov 27, 2011 at 8:08 pm |

    Christ, The Simpsons dreamed this up years ago.

  15. justagirl | Nov 28, 2011 at 1:53 am |

    mmmmm.  cheesesticks..  (:

  16. justagirl | Nov 27, 2011 at 9:53 pm |

    mmmmm.  cheesesticks..  (:

Comments are closed.