Clunker Math | Clipmarks


	Clunker Math

Rustee

9-11-2009 7:42 PM

169 views

tags:

government, auto

1 Comment |

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9-12-2009 12:34 AM

merrie

According to my calculations that's an 800% mark-up.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9d85c1a7-babe-4ca1-9451-426771e1484f/D2AFEC78-B0D5-4896-B8CF-B671D0B2DB63/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ktrh.com/pages/michaelberry.html" href="http://www.ktrh.com/pages/michaelberry.html" style="font-size: 11px;">www.ktrh.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ktrh.com/pages/michaelberry.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.ktrh.com/img/B4E7D773-67A5-4CF3-B9A0-2006A80BFF8B" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ktrh.com/pages/michaelberry.html">A vehicle at 15 mpg and 12,000 miles per year uses an average of 800 gallons a year of gasoline. <BR /><DIV>A vehicle at 25 mpg and 12,000 miles per year uses an average of 480 gallons a year. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ktrh.com/pages/michaelberry.html"><DIV>So, the average clunker transaction will reduce U.S. gasoline consumption by 320 gallons per year. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ktrh.com/pages/michaelberry.html">They claim 700,000 vehicles were ‘clunked’ – so that's 224 million gallons of gas saved per year.<BR />That equates to almost 5 million barrels of oil.<BR />5 million barrels of oil is about ¼ of one day's U.S. consumption.<BR />And, 5 million barrels of oil costs about $375 million dollars at $75/bbl.<BR />So, we taxpayers contributed $3 billion to save $375 million. <BR /><DIV>How good a deal was that?</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D2AFEC78-B0D5-4896-B8CF-B671D0B2DB63/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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