cash for clunkers
Posted: Mon Oct 12, 2009 2:15 pm
Here is the "Cash for Clunkers" plan.
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 "Cash for Clunkers" transaction will reduce US gasoline consumption per vehicle by 320 gallons per year. They claim 700,000 vehicles – so that's 224 million gallons / 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 $70/bbl.
So, we all consented to spending $3 billion to save $350 million. How good a deal was that ???
If that doesn't scare you enough, remember that these same folks who will soon control your health care.
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 "Cash for Clunkers" transaction will reduce US gasoline consumption per vehicle by 320 gallons per year. They claim 700,000 vehicles – so that's 224 million gallons / 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 $70/bbl.
So, we all consented to spending $3 billion to save $350 million. How good a deal was that ???
If that doesn't scare you enough, remember that these same folks who will soon control your health care.