How the Recycling and Oil Markets are Connected
When someone thinks about markets being connected, the oil and recycling markets aren’t the ones that usually come to mind. Yet, the oil market is significantly damaging the recycling market right now and it won’t get any better until oil prices rise again. According to a New York Times article from February, Waste Management (the main company that collects recycling) could sell a bale of plastic last year for $230. Now, the price is down to $112 for each bin. Why is this happening? Here’s an excerpt from the NYT article mentioned earlier: New plastics are made from the byproducts of oil and gas Continue reading How the Recycling and Oil Markets are Connected