New math - The Firearms Forum

Bobitis · 01-28-2011, 07:20 PM

Another successful government program.

Clunker Math

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. Most of us 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.

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

jim summers · 01-28-2011, 07:43 PM

I am sure they will, they have such smart people running our country.

Marlin T · 01-28-2011, 09:59 PM

Yep, that sounds about right.
Thanks for the post, geez huh

gendoikari87 · 01-28-2011, 10:03 PM

Quote:

Originally Posted by Bobitis

Another successful government program.

Clunker Math

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. Most of us 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.

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

Yeah but a large reason for the cash for clunkers was for the environment, I'd think that to be WAY more valuable than the gasoline saved.

01-28-2011, 07:20 PM	#1
Bobitis Advanced Senior Member Join Date: Apr 2009 Posts: 6,612	New math Another successful government program. Clunker Math 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. Most of us 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. I'm pretty sure they will do a great job with our health care though. __________________ ^.^ A point in every direction is the same as having no point at all -->

01-28-2011, 07:43 PM	#2
jim summers Advanced Senior Member Join Date: Jul 2008 Location: I reside in southern Indiana, you can almost step out of my back door and be setting on Patoka Lake Posts: 1,056	Re: New math I am sure they will, they have such smart people running our country. __________________ To Whom Much Is Given, Much Is Required.

01-28-2011, 09:59 PM	#3
Marlin T Advanced Senior Member Join Date: Jul 2005 Location: New Mexico Posts: 7,857	Re: New math Yep, that sounds about right. Thanks for the post, geez huh __________________ "But the simple truth--born of experience--is that tyranny thrives best where government need not fear the wrath of an armed people." Judge Alex Kozinski - United States Court of Appeals for the Ninth Circuit It is the duty of the patriot to protect his country from its government. - Thomas Paine Did you read todays GOOD shooting? >>>KEEPANDBEARARMS.COM <<<