mohawkk: blog 
mohawk
we got to be doin somethin wrong
Published Sep. 10, 2009Views: 329
A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons of gas a year. 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 ¼ 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 ???
Filed under: News & Issues
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GOLO member since October 26, 2008
September 10, 2009 5:55 p.m.
September 10, 2009 5:55 p.m.
GOLO member since July 15, 2007
September 10, 2009 5:59 p.m.
Saving fuel was not the point. Handouts to certain industries was, as was buying votes with other people's money.
GOLO member since July 12, 2007
September 10, 2009 6:04 p.m.
GOLO member since July 15, 2007
September 10, 2009 6:06 p.m.
GOLO member since June 23, 2009
September 10, 2009 6:26 p.m.
GOLO member since January 20, 2008
September 10, 2009 6:27 p.m.
GOLO member since September 1, 2007
September 10, 2009 6:42 p.m.
The clunker deal is the same sort of thing that they tried in California to get the “smoggers” off the road. It turns out that it cost so much per car that it would have actually been cheaper to give each offender a new Cadillac ….
Logic, math, cost effectiveness, cost/benefit ratio, diminishing returns, and relative value are things that are not with the prevue of government, it would seem ….
;-)
STS
GOLO member since June 7, 2008
September 10, 2009 6:46 p.m.
Dimensional analysis - not for the sloppy or lazy.
GOLO member since April 10, 2008
September 10, 2009 6:58 p.m.
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