Posted by
Takeadair on Sunday, September 27, 2009 1:14:21 AM
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 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 saving a bit over 5 million barrels of oil per year. I
repeat---per YEAR.
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/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. NOT