REMEMBER THE GARBAGE EXPLOSION? Turns out it wasn’t real:
Simply put, operators of garbage dumps are stuffing more waste than anyone expected into the giant plastic-lined holes, keeping disposal prices down and making the construction of new landfills largely unnecessary. . . .
The productivity leap is the second major economic surprise from the trash business in the last 20 years. First, it became clear in the early 1990’s that there was a glut of disposal space, not the widely believed shortage that had drawn headlines in the 1980’s. Although many town dumps had closed, they were replaced by fewer, but huge, regional ones. That sent dumping prices plunging in many areas in the early 1990’s and led to a long slump in the waste industry.
Since then, the industry and its followers have been relying on time – about 330 million tons of trash went into landfills in the United States last year alone, according to Solid Waste Digest, a trade publication – to fill up some of those holes, erase the glut and send disposal prices skyward again. Instead, dump capacity has kept growing, and rapidly, even as only a few new dumps were built.
Now if we could just do the same thing for oil refineries.