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Cash For Clunkers.....Figured Out!!!
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 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 ??? They'll probably do a great job with health care though!!
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1997 Polo Green SVX LSI #316 49,000, garage queen, aka "The Green Queen" 1997 Brilliant Red SVX LSI #200, 167,000, daily driver, aka"Rosie's Rocket I" 1997 Brilliant Red SVX LSI#234, 106,000, summer driver, aka"Rosie's Rocket II" 1988 Red & White Silverado, aka "The Hauler" 2000 GRAND MARQUIS LS w/ handling package, aka "BIG BLUE" 1988 Mazda RX7 Convertible, aka " Lil Blue " |
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