Ferrari Mailing List: Re: Fwd: Clunker math

[misc (misc]

Also, just to make matters worse â donât forget the $100m in lost government revenue on the unsold $350m in gasâ

 

I think the program was more an auto industry subsidy than a gas saving focus.Â

 

 

My .02

Mark

 

From: LarryT [mailto:l02turner [at] comcast.net]
Sent: Sunday, April 04, 2010 6:48 AM
To: Mark
Cc: The FerrariList
Subject: [Ferrari] Fwd: Clunker math

 

We talked at length about the Cash For Clunker program a while back -

 

Here's a interesting way to look at it...

 

LarryT

OilAnalysis Time?
Looking for Weber Parts or Porsche Posters?
www.youroil.net

 

---------- Forwarded message ----------
FromDate: Thu, Apr 1, 2010 at 8:12 AM
Subject: FW: Clunker math

                                                                                                               

The person who calculated this bit of information  is now & has been a professor at The  University
of  West Virginia in WVa for the last forty some
years.  I never looked at the clunker program this way ----

Boy, did he ever
open my eyes !!!!                                     

Clunker Math;
Think of it this way:
 
A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of
gas a year.  A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a
year.

So, the average Cash for Clunkers transaction will reduce US gasoline
consumption by 320 gallons per year.   They reclaim 700,000 vehicles 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!

I'm pretty sure they will do a great job with our health care, though!

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"I contend that for a nation to try to tax itself into prosperity is
like a man standing in a bucket and trying to lift himself up by the handle."


- Winston Churchill