Oilfield math

Oilfield Math


A 15 mpg clunker that travels 12,000 miles a year uses 800 gallons of gas a> year.

A 25 mpg vehicle that travels 12,000 miles a year uses 480 gallons a year.

Therefore, the average Cash for Clunkers transaction will reduce US gasoline consumption by 320 gallons per year.  The government claims that 700,000 clunkers were turned-in, 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.  In other words, we spent $8.57 for every dollar we saved.

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