Off-Topic: Cash for Clunker Math

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	Name:	water_watcher -
	Subject:	Cash for Clunker Math
	Date:	9/10/2009 6:56:05 AM

I guess I must be on the wrong page on this "clunker" stuff...

A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline. A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.

So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year. They claim 700,000 vehicles – so that's 224 million gallons per year.

That equates to a bit over 5 million barrels of oil…
5 million barrels of oil is about ¼ of one day's US consumption. And 5 million barrels of oil costs about $350 million dollars at $75 per bbl.

So, we all just spent $3 billion...to save $350 million.

Hmmmmmmmmm. How good a deal was that?
But, I'm thinking that they’ll probably do a great job with health care, though!

Other messages in this thread:

View Entire Thread

Cash for Clunker Math - water_watcher - 9/10/2009 6:56:05 AM

Wrong, wrong, wrong - Summer Lover - 9/10/2009 7:47:04 AM

You Asked For It - GoneFishin - 9/10/2009 12:21:49 PM

You got it - Summer Lover - 9/10/2009 2:05:51 PM

Silly me :) (nfm) - water_watcher - 9/10/2009 1:06:32 PM

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