Friday 9 March 2012

Demand for cooking oil


-- This is going to become a much hotter issue and will lead ultimately to burglaries at fast food restaurants as people scour for used cooking oil to make biodiesel (pretty simple) to power their diesel vehicles and -- soon enough -- diesel generators trying to compensate for grid failure. -- MCR 

Rising Gas Prices Create Smoking Hot Demand for Used Cooking Oil

CNBC, 4 March, 2012

In today’s economy, it’s tough enough being a restaurant owner, but now you have to safeguard your garbage, too.

From California to Maine, thefts of used cooking oil are on the rise across the U.S. — driven by the rising price of oil that make biofuels more cost competitive with fossil fuels. Like thieves who ransack foreclosed homes for copper wire, higher prices for used cooking oil can attract people with a hunger for crime as well as dinner.

The old cooking oil, which has been used for decades in the chemical and animal feed industries, is now a hot commodity, as biodiesel manufacturers also fight for the well-done raw materials for their industry. Biodiesel is gaining in popularity as a transportation fuel. The largest consumers are fleet operators, including municipal buses and courier firms like FedEx 

For article GO HERE


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