Low Oil Prices Interfere With What Recyclers Are Paid For Plastic

Low Oil Prices Interfere With What Recyclers Are Paid For Plastic thumbnail

Posted January 26, 2016 by patience

From NPR: Low Oil Prices Interfere With What Recyclers Are Paid For Plastic

Listen to the Story

DAVID GREENE, HOST:

The price of oil has been on a downward dive for a couple years now, and one business hit especially hard by low oil prices is the recycling business. Here’s Stacey Vanek Smith from our Planet Money team.

STACEY VANEK SMITH, BYLINE: Last spring, oil prices had just dropped in half from $120 a barrel to about $60 a barrel, and all of these recycling plants were going out of business. To figure out why, I visited Tom Outerbridge at Sims Recycling in Brooklyn, right near where live.

My garbage comes here – or my recycling. Sorry.

TOM OUTERBRIDGE: Yeah, your (inaudible).

SMITH: Is that bad to call it garbage?

OUTERBRIDGE: Yeah, well, we don’t call it garbage because we’re not really in the garbage business. People make that mistake all the time.

Read the rest

Categories: Recycling