Cash For Clunkers And The Math

The analysis on the “Cash for Clunkers” program is below and can also be found on the web at www.atr.org.

o    A “clunker” that gets 15mpg and travels 12,000 miles per year, consumes 800 gallons of gasoline per year

o    A new “fuel-efficient” vehicle that gets 25mpg and travels 12,000 miles per year, consumes 480 gallons of gasoline per year

o    The average clunker transaction reduces US gasoline consumption by 320 gallons/year

o    With 700,000 vehicles participating in this program, that’s 224 million gallons/year saved because of this program – roughly 5 million barrels of oil/year

o    5 million barrels costs about $375 million at $75/barrel

o    The “Cash for Clunkers” costs $3 billion

**The Mayor would also like to point out that 5 million barrels of oil represents about 1/4 of one day oil consumption for the USA.

6 Responses to “Cash For Clunkers And The Math”

  1. Andy Says:

    Money well spent if you ask me! And I know you didn’t ask me.

    What you fail to understand is that the 3 billion spent was never to be recovered through savings at the pump, or to reduce annual oil consumption.

    It was to keep a few unionized auto workers on the job for a few more months…and to reduce America’s satanic carbon footprint.

    It will do neither in the long run! Everybody knows that the old clunker cars usually “die” before 100,000 miles (sorry, I don’t know how many kilometers that is). In truth, most of them were on their last fan belt, and would have to be replaced soon anyway. The new cars now manufactured last double that.

    Auto worker jobs will not be saved in the long-run.

    And every sane person knows that when you get a new car, you use the sucker like a $4 whore! Especially if you are getting double the mileage! No fuel savings will be achieved by this boondoggle.

  2. Mr Fnortner Says:

    Oh, no, Andy. The program, according to the math, has taken the clunkers off the road at least eight years sooner (3,000 / 375) than scheduled thereby providing a cleaner environment and greater economies then would have been possible absent the wisdom of The Congress.

  3. Andy Says:

    Well I’m glad to know that Mr Fnorther! I’m feeling much better now about things. I will confess that I was just “flying blind” in my previous comment.

    I was just going by the crap I see driving around, and have driven myself. I will sleep better tonight knowing that my Congress has REALLY made a difference. God bless you!

  4. Steynian 385 « Free Canuckistan! Says:

    [...] BOONDOGGLE Cash for Clunkers “a complete waste”; Cash For Clunkers And The Math …. (senseofevents.blog, [...]

  5. Mr Fnortner Says:

    My tongue can’t stay in my cheek any longer. This is all horseshit. God help us all.

  6. The Mayor Says:

    It’s therapeutic to let it out.

    It is horseshit, but unfortunately only a small pile of horseshit compared to the steaming mounds of horseshit they have already wasted on other programs.

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