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Due to fallen price in oil
Transcript of Due to fallen price in oil
Sell as Oil Prices Drop
As Oil Prices Plummet Recycling Suffers
Graham Coughlin and
Pareto Optimality/Pareto Efficiency
It is impossible to improve one thing without making something else worse off.
Recycled or New?
Who does this affect?
Basic Economic Concepts
Cost of Production
Expectations of Recyling plants
Graph of PET Vs. Recycled PET
People want to help environment but at what out of pocket costs?
Due to fallen price in oil, new plastic has become cheaper to work with
At the start of the year New PET cost $.83 per pound and Recycled PET cost $.71
Now New PET costs $.67 per pound (vs. $.72 per pound of recycled PET)
Source- Plastic News
The Wall Street Journal
Benches in Animal Kingdom in Walt Disney World
Georgi Kantchev & Serena Ng