As editor of I had more fun with this post when I imagined that Jim Cramer delivered it by screaming at me from my TV.
Cramer today picked Owens-Illinois Inc. stock as a "buy" on the CNBC "Stop Trading!' segment. He gave a pretty anti-plastics reason for the selection. O-I makes glass bottles, and Cramer likes glass a lot more than plastics.
"I have to emphasize to people," Cramer said, "at a certain point we're going to come around. ... Glass doesn't have toxins.
"Everybody else uses glass around the globe. You can recycle it 30 times," Cramer said. He predicted that consumers will turn to glass instead of plastic.
I assume he knows that glass is also heavy, which makes it costlier to transport, and that it uses more energy to create than plastics. Those would seem to be very important considerations with oil near $130 per barrel.
And someone might want to talk to him about that plastics=toxins theory.
Comments (4)
Like a lot people these days, I'm discouraged by the fact that so much plastic ends up in land fills and the ocean. However, ridding the world of plastic products is not the answer. Unless some one creates a phenomenal eco-friendly product with the same properties as plastic and has all our current plastic products replaced with it, like, yesterday, I don't see us living without it. I'm getting really annoyed with people who want to ban plastic drink bottles. What are they doing with their toothpaste containers? Or their shampoo bottles? Or the plastic caps on their glass bottles? Do they feel less guilty because they're disposing of a smaller piece of plastic? There are a lot of products that people are not going to do without. I like glass bottles, but I buy gallons of spring water every other week. I'm not carrying all that water in glass! We need more recycling options. That is the answer. I'm waiting for the day when it's simple for everyone to get all their waste recycled. It's too simple to say that one less piece of trash is going save the world.
Posted by Jaimee Mishler | June 1, 2008 6:38 PM
Posted on June 1, 2008 18:38
I think you could be forgetting that plastics is made by using oil and is also transported by oil!!! Also it is not easily recyclable and Jim Cramer has one thing wrong - glass can be recycled infinitely without loss of purity or quality not just 30 times - I don't think you can say that about plastics. It also means less resources being used unlike plastics. Instead of knocking other materials why don't you stand by your own or do you have to knock other materials because you can't???????
Posted by Benni | June 3, 2008 3:31 AM
Posted on June 3, 2008 03:31
I hope Cramer takes a shower with a glass shampoo bottle and see if he likes it.
Posted by Eduardo | June 6, 2008 11:31 AM
Posted on June 6, 2008 11:31
This is almost everything.
Posted by Bernd Bulka | October 14, 2009 5:53 AM
Posted on October 14, 2009 05:53