An Encouraging Rise in Grease Theft?
Still not sure if we’re in a recession? An article in yesterday’s Denver Post may diminish all doubt. Apparently, brazen thieves are roaming the Rockies stealing an unusual commodity: restaurant waste oil. In the past, deep-fryin’ eateries had to pay recycling companies to dispose of their messy used cooking oil. Yet as gasoline prices surge and demand grows for alternative energy sources like biodiesel, restaurants are having no problem getting rid of their excess grease. These days, it seems, even a barrel of waste oil sells for $30.
While biodiesel production was once the niche domain of energy-conscious environmentalists, this surge in oil crime marks its movement towards the mainstream. Sure, stealing oil from restaurants is illegal, but such criminal behavior is a positive indicator of a genuine, emerging demand for this efficient new energy source. Whether or not the oil industry chooses to invest in biodiesel, industrious people are already at work building the technologies, creating a black market supply chain, and ultimately fueling their own future. — Johnny