The price of oil has been on a downward dive for a couple of years. This has been great for some businesses and not so for others. One industry hit especially hard is the recycling business.
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.