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03-11-2010 01:41 PM  8 years agoPost 1
Ed W

rrApprentice

Reisterstown,M.D. US

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Oil-field math

A 15 mpg clunker that travels 12,000 miles a year uses 800 gallons of gas a year.

A 25 mpg vehicle that travels 12,000 miles a year 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 clunkers were turned-in, 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.

Now they are gonna fix health care?

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03-11-2010 01:46 PM  8 years agoPost 2
McLovin

rrNovice

FL

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LOL

Wonder if Obama has done the math.

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03-11-2010 01:49 PM  8 years agoPost 3
z11355

rrMaster

New England

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The clunker program was such farce. Most of the money went to foreign automakers. At best, it was patronage to the auto unions.

This is the same government that spent 18 *million* for a website to track the pork er, stimulus

on a similar note, the current monthly budget deficit of the USA is 220 billion per month.

According to the president, his urgently required health care reform which he's spent all his time on for a full year while the economy tanks will save 132 billion over 10 years.

So, the complete 'savings' of the program will be used up in 17 days.

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03-11-2010 02:06 PM  8 years agoPost 4
Tintin

rrVeteran

Akershus, Norway

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Eh, you are critizing people for the lack of math skills...but tell me, do you buy a new car every year? I doubt it, frankly I doubt very much that many that benefitted from the program do. If you skip interest the program has paid itself in 8.57 years - No one but you expected this to repay itself in 1-one year...

And as for where the money went - well you can hardly critize anyone but yourself for not buying american, I guess your goverment overestimated you.....for most it would be evident, unless you think only of yourself..

“Getting an inch of snow is like winning 10 cents in the lottery.”

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03-11-2010 03:23 PM  8 years agoPost 5
fla heli boy

rrKey Veteran

cape coral, florida

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wait a minute....you mean there aren't 57 states??? I'm so confused Mr. President....

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03-11-2010 03:31 PM  8 years agoPost 6
drdot

rrElite Veteran

So. California, Orange County.

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fwiw...

Let's see Tinny whizz in this bowl of Wheaties...Look up the Spanish "Green" jobs programs and laws...Looks lke they created very high level positions while bankrupting their own nation.....

BC

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03-12-2010 02:27 AM  8 years agoPost 7
dilberteinstein

rrNovice

texas - USA

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The clunker program was such farce. Most of the money went to foreign automakers.
And remember most of that went to the car company with the run away accelerator.

90% of life is "showing up"

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03-12-2010 08:47 AM  8 years agoPost 8
Tintin

rrVeteran

Akershus, Norway

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I notice the actual topic died pretty fast....

“Getting an inch of snow is like winning 10 cents in the lottery.”

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03-12-2010 10:11 AM  8 years agoPost 9
aristo1963

rrApprentice

goldsboro nc usa

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Gee Tin in 8.57 years alot of these cars will be considered ...gasp"clunkers"

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03-12-2010 01:38 PM  8 years agoPost 10
Tintin

rrVeteran

Akershus, Norway

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I guess the american ones will.....the japanese ones will still be rolling fine at half the gas cost...

“Getting an inch of snow is like winning 10 cents in the lottery.”

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03-12-2010 06:09 PM  8 years agoPost 11
dilberteinstein

rrNovice

texas - USA

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I guess the american ones will.....the japanese ones will still be rolling fine at half the gas cost...
Especially the Toyotas...oops.

90% of life is "showing up"

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03-12-2010 08:13 PM  8 years agoPost 12
helibeast

rrApprentice

Mn

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This was done to stimulate the car industry and keep it from tanking. People gripe about job creation and that is what they tried. Ok people bought foreign cars too.
Toyotas, Hondas, Subarus, BMWs, Mercedes-Benzes, Hyundais, and others -- more than 40 models of foreign cars, minivans, SUVS, and pickup trucks -- are rolling off assembly lines at 15 plants in the United States so rapidly that last year brought an automotive tipping point The latest Power projections for 2005 estimate that 4.8 million of the 7.2 foreign brands that will be sold here will be built here
Some people find a problem with ever solution.
Personally I'm more concerned that Halliburton is getting paid $99 per load to wash soldiers clothes.

Champion,Magic,MiniBoy,Xcell60+50,Intrepid,Intrepid Gas,Baron30,Whisper,300X,mCPXv1v2,Concept,Nexus

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03-12-2010 08:18 PM  8 years agoPost 13
McLovin

rrNovice

FL

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Some people find a problem with ever solution.
Only when the solution was not a solution.

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