Kerry & Kathy
Member #007
> Oilfield Math
>
> Working in the oilfield with a
> wealth of experience provides
> the following.
>
> 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.
> I'm pretty sure they will do a great job with our
> health care, though.
>
>
> Working in the oilfield with a
> wealth of experience provides
> the following.
>
> 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.
> I'm pretty sure they will do a great job with our
> health care, though.
>
