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Obama the oil baron
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<blockquote data-quote="Blizzard" data-source="post: 712152" data-attributes="member: 28761"><p>Interesting The person who calculated this bit of information</p><p>went to high school in Pittsburgh , Pa. He is now & has been a</p><p>professor at The <span style="color: black">University of West Virginia</span> in Morgantown, West</p><p>Virginia for the last forty some years. </p><p></p><p>Think of it this way: </p><p>A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons</p><p>of gas a year. </p><p>A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons</p><p>a year. </p><p>So, the average Cash for Clunkers transaction will reduce US gasoline</p><p>consumption by 320 gallons per year. </p><p>They claim 700,000 vehicles so that's 224 million gallons saved per</p><p>year. </p><p>That equates to a bit over 5 million barrels of oil. </p><p>5 million barrels is about 5 hours worth of US consumption. </p><p>More importantly, 5 million barrels of oil at $70 per barrel costs</p><p>about $350 million dollars </p><p>So, the government paid $3 billion of our tax dollars to save $350</p><p>million. </p><p>We spent $8.57 for every dollar we saved. </p><p>I'm pretty sure they will do a great job with our health care,</p><p>though.</p></blockquote><p></p>
[QUOTE="Blizzard, post: 712152, member: 28761"] Interesting The person who calculated this bit of information went to high school in Pittsburgh , Pa. He is now & has been a professor at The [COLOR=black]University of West Virginia[/COLOR] in Morgantown, West Virginia for the last forty some years. [COLOR=#1f497d][/COLOR] 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. [/QUOTE]
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