|Posted on 11/23/2009, 08:13:17 PM
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Join Date: Aug/02/2001
Location: Lisle IL.
Obama Road Sign - Is this what is really down this road?
Subject: Results of "Cash for Clunkers" now in
I guess I must be on the wrong page…
A vehicle getting 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle getting 25 mpg and 12,000 miles per year uses 480 gallons ayear.
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 saving a bit over 5 million barrels of oi l per year. I repeat---per YEAR.
5 million barrels of oil is about Â¼ of one day's US consumption.
And, 5 million barrels of oil costs about $350 million dollars at $75/bbl.
Our Government "gave" each Clunker Trader $4,500 per car for 700,000 transactions which cost US Taxpayers $3,150,000,000--not including Washington's astounding administrative costs.
So, we all contributed through our taxes to spend more than $3 billion to save $350 million.
How good a deal was that ???
They'll probably do a great job with health care though.
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