[DeTomaso] Fwd: NPC: Clunker Math

[JJD1010 at aol.com]

Mostly false according to Snopes. Bad math and bad logic.
 
Jeff
6559
 
  
____________________________________
 From: mbefthomas at comcast.net
To: detomaso at realbig.com
Sent: 1/24/2011  8:33:46 P.M. Central Standard Time
Subj: [DeTomaso] NPC: Clunker  Math


Clunker math

The person  who calculated this bit of information 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.. A clunker that travels 12,000 miles  a year at 15 mpg uses 800
gallons of gas a year.
a.. A vehicle that travels 12,000 miles a year at 25 mpg uses 480
gallons a  year.
a.. So, the average Cash for Clunkers  transaction will reduce US
gasoline consumption by 320 gallons per  year.
a.. They claim 700,000 vehicles were turned in  so that's 224 million
gallons saved per year.
a..  That equates to a bit over 5 million barrels of oil.
a.. 5 million barrels is about 5 hours worth of US consumption.
a.. 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. On top of that  used car prices
went up 18%. 

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





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