Oil in tank worth anything?


Old 02-02-06, 12:48 PM
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Oil in tank worth anything?

I've got an oil tank in my basement that I'm going to be removing. The tank is full of oil.
The company that will be taking the tank out will remove the oil, but does not give any sort of credit for what I would think is still a usable commodity.
None of the oil companies I've contacted are in the business of pumping out oil either.
If I were to get the tank filled with oil it would probably cost me in excess of $600.00, so it seems to me that the oil in the tank should be worth something.
Am I wasting my time trying to get some cash for this oil?

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Old 02-02-06, 01:55 PM
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Originally Posted by NJDave
Am I wasting my time trying to get some cash for this oil?
Advertise it at half price. Perhaps someone will haul it out in 5 gal jugs.
Are you in a hurry?

Did you eliminate your oil burner?
Old 02-02-06, 03:21 PM
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The oil in the tank is as usefull as the oil in an oil truck.The company that put the oil in should be willing to pump it back out.I had an oil tank in my house that I was going to replace .My oill company pumped the oil out for a small fee,then credited my account the rest of the cost.
Old 02-02-06, 03:25 PM
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Oil value

I would agree with bolide. Most oil companies will not buy the oil back because once it has left their truck, they have no control over contaminants getting into the oil. Nearly every residential tank has bacteria in it.
Old 02-02-06, 04:44 PM
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Grady is right on the money with that one. Any company who knows the importance of keeping fuel clean would never put anything back in the truck. You may find a discounter who doesn't have a service department who will pump it out and resell it.

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