G
Guido
Guest
Just a repost from another site.
I did not work the figures out on a calculator.
Working in the oilfield with others such as myself and a wealth of combined
experience we understand the accuracy of the following.
Think of it this way:
A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas
a year.
A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a
year.
So, the average Cash for Clunkers transaction will reduce US gasoline
consumption by 320 gallons per year.
They claim 700,000 vehicles so that's 224 million gallons saved per year.
That equates to a bit over 5 million barrels of oil. 5 million barrels is
about 5 hours worth of US consumption.
More importantly, 5 million barrels of oil at $70 per barrel costs about
$350 million dollars.
So, the government paid $3 billion of our tax dollars to save $350 million.
We spent $8.57 for every dollar we saved.
I'm pretty sure they will do a great job with our health care, though.
I did not work the figures out on a calculator.
Working in the oilfield with others such as myself and a wealth of combined
experience we understand the accuracy of the following.
Think of it this way:
A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas
a year.
A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a
year.
So, the average Cash for Clunkers transaction will reduce US gasoline
consumption by 320 gallons per year.
They claim 700,000 vehicles so that's 224 million gallons saved per year.
That equates to a bit over 5 million barrels of oil. 5 million barrels is
about 5 hours worth of US consumption.
More importantly, 5 million barrels of oil at $70 per barrel costs about
$350 million dollars.
So, the government paid $3 billion of our tax dollars to save $350 million.
We spent $8.57 for every dollar we saved.
I'm pretty sure they will do a great job with our health care, though.
