Leave the Copper, Take the Syrup

| Before the crash of 2008, when commodity prices for everything from oil to copper to lead were at record levels, the news was rife with stories of odd thefts. Manhole covers went missing, stolen and sold off to scrapyards. Foreclosed homes were stripped of their copper wiring and pipes. Lead roof tiles were pilfered from churches. Bruce Schneier has a good post on the economic impact of commodity theft — a manhole cover might be worth $5 in scrap, but it costs $500 to replace, for example — and how thefts have gone down with commodity prices as we slipped into recession. He did miss one important story: In Canada, where maple syrup prices have nearly doubled since last year, thieves recently made off with eight barrels of the sweet stuff, at a value of some $16,000. [%comments]


Brandon

Good news for the thieves: If they can't sell the syrup they can always eat it. This is not, however, a course of action I would recommend if one is stealing lead.

Phil

If he reads this Paul Krugman will start stealing manhole covers in the shadow of the night to increase government spending through the backdoor.

AH

Similar tales of avocado thieves in Southern California. When the price shoots through the roof, people are motivated. Econ 101, right?

Patrick

Thieves are often accused of sticky fingers, but for once it seems that might be the case.

trader n

The advantage with syrup is it's liquidity.

AlleyGator

I bet the local IHOP got a sweet deal serving black market Maple.

Chris S

There is no local IHOP. The nearest one is over 400 miles away in Ontario.

The second closest Canadian IHOP is nearly 3000 miles away in British Columbia.

However, if you're prepared to engage in the international transport of syrup (it oughta be a crime!) then there is an IHOP only 80 miles away in Vermont!

Eric M. Jones

Can they DNA test maple syrup?

unknownprofessor

SWEEEET!

David

My local IHOP only serves corn syrup colored and flavored to look and smell like the real deal. Where do you all live?