Oilfield Math
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.
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.