Sunday, March 14, 2010

OILFIELD MATH

Working in the oilfield with others such as myself and a wealth of combined experience we understand the accuracy of the following.

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 vehicle, 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 Congress will do a much better job with our health care, though.

Stop Marxism!
Stop Obamacare before it destroys your Country's future.

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