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

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  • simple drawing

    at least they are helping the eviroment.

    • DeepCough

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

  • simple drawing

    at least they are helping the eviroment.

  • simple drawing

    at least they are helping the eviroment.

  • http://twitter.com/ProfOsiris Prof Osiris

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

    • Eric Kunz

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

  • http://twitter.com/ProfOsiris Prof Osiris

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

  • DeepCough

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

  • Wastelandindustrial

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

    • Heath

      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..

      • Redacted

        How much product does it process into?

    • Eric Kunz

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

  • Wastelandindustrial

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

  • Heath

    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..

  • http://www.facebook.com/profile.php?id=1659992296 Eric Kunz

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

  • http://www.facebook.com/profile.php?id=1659992296 Eric Kunz

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

  • Anonymous

    How much product does it process into?

  • Floppyloppypoo

    Christ, The Simpsons dreamed this up years ago.

  • Floppyloppypoo

    Christ, The Simpsons dreamed this up years ago.

  • justagirl

    mmmmm.  cheesesticks..  (:

  • justagirl

    mmmmm.  cheesesticks..  (:

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