Kind of brings a tear to your eye
The person who calculated this bit of information went to high school in
Pittsburgh , Pa.
He is now & has been a professor at The University of
West Virginia in Morgantown, West Virginia for the last forty some years.
I never looked at the clunker program in such depth.
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 claim 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
HHC
While you are here please check out Attorney: Prosecute TSA for Child Pornography and Sexual Assault
HHC
While you are here please check out Attorney: Prosecute TSA for Child Pornography and Sexual Assault
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