Does this look right?

[buzz worth]

This was sent to me and it made me think about what this really cost all of us.



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 / year.

That equates to a bit over 5 million barrels of oil.

5 million barrels of oil is about of one day's US consumption.

And, 5 million barrels of oil costs about $350 million dollars at $75/bbl.

So, we all contributed to spending $3 billion to save $350 million.

How good a deal was that ???

They'll probably do a great job with health care though!!

 

[David Hefner]

Just taking into consideration one years savings, you're right. It'll take 8 years at that rate to pay it off. I for one am glad to see some of those cars come off the roads. A good many of them wouldn't have passed emissions too, so you have to account for less pollution as well (no clue how much). It's not like those cars will be back on the roads next year, they were destroyed (or will be). I love it when people spin stuff to further their own ends .



I didn't go in for the clunkers deal, I traded my 99 Chrysler T&C for a '01 Trac, needed the truck-bed more than the passenger capacity, and my mileage stayed about the same (a tad bit higher in actual MPG on the ST, my T&C had problems ).

 

[Jorgie Hidalgo]

sounds about right. WOW....we spend 5 million barrels a day!?!?!? thats unbelievable