00:00Will you believe criminals are stealing discs from restaurants, used cooking oil, and it's worth millions?
00:09In Long Island, New York, thieves hit 14 businesses in one week, siphoning oil out of dumpsters like liquid gold.
00:19Why is the question? Because used oil is turned into renewable diesel, fuel for trucks and planes that cuts carbon emissions.
00:31And most importantly, the U.S. government pays for it through tax credits like the Renewable Fuel Standard and California's Low Carbon Fuel Standard, making each gallon worth $5 or more.
00:49That is the reason why criminals are raking in $45 to $75 million a year, stealing used cooking oil, and it's literally liquid cash.
01:03So next time when you see a greasy dumpster, remember, you're looking at one of America's weirdest black markets.
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