[DeTomaso] Fwd: NPC: Clunker Math
Steve Hawkins
shawkins777 at comcast.net
Mon Jan 24 22:25:35 EST 2011
Yea but, who checks Snopes?
Steve
-----Original Message-----
From: detomaso-bounces at realbig.com [mailto:detomaso-bounces at realbig.com] On
Behalf Of JJD1010 at aol.com
Sent: Monday, January 24, 2011 9:19 PM
To: detomaso at realbig.com
Subject: [DeTomaso] Fwd: NPC: Clunker Math
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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