Now it’s too bad I’m not referring to the oil slick from the Gulf of Mexico but now you can buy or sell used motor oil. The oil there wasn’t used, it was new. The online marketplace to buy/sell used motor oil was created by Recycle Markets of Mount Ida, Arkansas. Interesting, it’s not environmental concerns as much as economics that drives this engine. Instead, they want to help used oil generators understand the right price they should be asking for their oil. The price for used oil fluctuates a lot.
“Used oil has value, but that value can vary widely based on the quality of the used oil, the quantity available and where the used oil generator is located. In many cases, the generator has to rely on the service truck to establish a price. That price may or may not reflect accurate market conditions.”
Check it out the used oil stock market of sorts at www.usedoilmarket.com
It’s free to register – sort of like eBay you pay fees when you sell. But unlike eBay it is not an auction. Great efforts to reuse, reduce and recycle.
Related articles:
- New York City Expands Recycling (rubberecycle.com)
- Why Should Rubber Be Recycled? (rubbermulch.com)
- Pittsburgh Understands the Value of Recycling (rubberecycle.com)
- Nevada Opens First Tire Recycling Plant (rubberecycle.com)
