Enjoy an Ads-Free Jets Insider - Become a Jets Insider VIP!
Page 1 of 3 123 LastLast
Results 1 to 20 of 42

Thread: Cash for Clunker math

  1. #1
    JetsInsider.com Legend
    Join Date
    Mar 2005
    Posts
    49,677
    Post Thanks / Like

    Cash for Clunker math

    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 similar great job with our health care.

  2. #2
    Hall Of Fame
    Join Date
    Feb 2006
    Location
    Van down by the river
    Posts
    21,933
    Post Thanks / Like
    [QUOTE=FF2;3953652]5 million barrels is about 5 hours worth of US consumption. [/QUOTE]

    Holy.




    F*cking.




    Sh*t, Batman :eek:

  3. #3
    Board Moderator
    Jets Insider VIP
    Charter JI Member

    Join Date
    May 1999
    Location
    State Location Here
    Posts
    7,737
    Post Thanks / Like
    If we could harness cow farts we could be energy independent ad infinitum. Seriously. You can look it up.

  4. #4
    Jets Insider VIP
    Join Date
    Sep 2005
    Location
    NC
    Posts
    18,226
    Post Thanks / Like
    [QUOTE=FF2;3953652]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 similar great job with our health care.[/QUOTE]

    Now you sound smaht...........

  5. #5
    Hall Of Fame
    Join Date
    Feb 2006
    Location
    Van down by the river
    Posts
    21,933
    Post Thanks / Like
    [QUOTE=southparkcpa;3953857]Now you sound smaht...........[/QUOTE]

    In 8.57 years, it'll pay for itself :thumbup: :P :confused:

  6. #6
    Jets Insider VIP
    Join Date
    Jan 2005
    Posts
    14,356
    Post Thanks / Like
    [QUOTE=FF2;3953652]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 similar great job with our health care.[/QUOTE]

    I do not know anyone that only drives 12k miles per year, but you make a good point. We should of just sent the 3 billion to Iraq or Afghanistan, that makes it patriotic.

  7. #7
    Board Moderator
    Jets Insider VIP
    Charter JI Member

    Join Date
    May 1999
    Location
    State Location Here
    Posts
    7,737
    Post Thanks / Like
    [QUOTE=cr726;3953889]I do not know anyone that only drives 12k miles per year. [/QUOTE]

    Seriously? I only drove around 8,000 miles per year until I bought my summer place upstate, and that includes driving two kids to every practice and game for 4 sports. Lotsa guys like me commute by train...saves a lot of wear and tear on the wheels.

  8. #8
    Waterboy
    Join Date
    Oct 2005
    Posts
    0
    Post Thanks / Like
    [QUOTE=cr726;3953889]I do not know anyone that only drives 12k miles per year, but you make a good point. We should of just sent the 3 billion to Iraq or Afghanistan, that makes it patriotic.[/QUOTE]


    My grandmother passed away this past summer so my family sold her car. She bought it new in 1998 and it had just over 16,000 miles on the clock. I think it took her about 5 years to properly break in the engine. :D

  9. #9
    Banned
    Join Date
    Mar 2005
    Location
    Long Island
    Posts
    13,518
    Post Thanks / Like
    [QUOTE=shakin318;3953936]Seriously? I only drove around 8,000 miles per year until I bought my summer place upstate, and that includes driving two kids to every practice and game for 4 sports. Lotsa guys like me commute by train...saves a lot of wear and tear on the wheels.[/QUOTE]

    I do well over 12k. Probably more like 20k or even more. But that's because i have a long and lousy commute to work. And there's no train station near my job, so driving is really the only option.

  10. #10
    Jets Insider VIP
    Join Date
    Sep 2005
    Location
    NC
    Posts
    18,226
    Post Thanks / Like
    [QUOTE=shakin318;3953936]Seriously? I only drove around 8,000 miles per year until I bought my summer place upstate, and that includes driving two kids to every practice and game for 4 sports. Lotsa guys like me commute by train...saves a lot of wear and tear on the wheels.[/QUOTE]

    Brings back bad memories.... the "station" car. I commuted from Babylin to NYC for 8 years. Now my commute is 7 minutes.

  11. #11
    All League
    Join Date
    Feb 2005
    Posts
    4,735
    Post Thanks / Like
    [QUOTE=cr726;3953889]I do not know anyone that only drives 12k miles per year, but you make a good point. We should of just sent the 3 billion to Iraq or Afghanistan, that makes it patriotic.[/QUOTE]

    No, Send to us! It is our money anyway!

  12. #12
    Board Moderator
    Jets Insider VIP
    Charter JI Member

    Join Date
    May 1999
    Location
    State Location Here
    Posts
    7,737
    Post Thanks / Like
    [QUOTE=southparkcpa;3954288]Brings back bad memories.... the "station" car. I commuted from Babylin to NYC for 8 years. Now my commute is 7 minutes.[/QUOTE]

    I walk 4 blocks to/from the train station. Sometimes I don't start my truck for 5 days straight.

  13. #13
    All Pro
    Join Date
    Aug 2006
    Location
    Colorado
    Posts
    6,790
    Post Thanks / Like
    Oil prices are going up, and we are close to $90 per barrel right now. This would put your claim of $8.57 spent for every dollar saved closer to $6.66, and that doesn't take into account additional revenue from taxes, registration fees, etc.

    Did anyone claim this was supposed to pay for itself after 1 year? Last time I checked, cars typically last much longer than that. Unless oil prices go down drastically, the program will reach its break even point, and then some.

  14. #14
    Board Moderator
    Jets Insider VIP
    Charter JI Member

    Join Date
    May 1999
    Location
    nyc
    Posts
    11,481
    Post Thanks / Like
    [QUOTE=cr726;3953889]I do not know anyone that only drives 12k miles per year, but you make a good point. We should of just sent the 3 billion to Iraq or Afghanistan, that makes it patriotic.[/QUOTE]I put about 5k/year on mine, but I live in manhattan. Many of my friends here with cars put less than that...



    Sent from my DROIDX using Tapatalk

  15. #15
    Jets Insider VIP
    Join Date
    Sep 2005
    Location
    NC
    Posts
    18,226
    Post Thanks / Like
    [QUOTE=shakin318;3954350]I walk 4 blocks to/from the train station. Sometimes I don't start my truck for 5 days straight.[/QUOTE]

    I do NOT miss the LIRR.

  16. #16
    Hall Of Fame
    Join Date
    Apr 2003
    Location
    Philly
    Posts
    38,782
    Post Thanks / Like
    that paragraph sounded smart but the key is when he takes the gallons of oil and equates them to US production. the price of both are variable but oil is actually pretty volatile. I don't know what it is around you guys but gasoline is now $3.20 on my block. If it stays there or goes higher the economics of c4c make more sense.

    If that paragraph was written last year when crude oil was at times as low as 75$ a barrel (and gas was in the high 2's) then yes maybe c4c was boondoggle. but if gas is 5 dollars in 2014 then c4c was huge.

    it should also be noted there are unrealized benefits to society at large, the car dealerships sold some cars, increased jobs for car owners (GM owned by taxpayers), cleaner emissions any new car vs a clunker is far better for the air.. what are the costs in terms of carbon credits or asthma rates in smoggy cities? What is the cost if global warming is actually true and the east coast takes on a foot of ocean water?

    in other words the costs vs benefits is not so cut and tried. The US gov't "loses" money on roads, airlines and trains but they are all a net good for society.

    taken further any gov't action is almost impossible to quantify in pure dollars and sense. what is the rate of return on the Iraq war? potentially it could prevent another terrorist attack or it could be a trillion dollars flushed down the toilet.
    Last edited by bitonti; 02-08-2011 at 02:57 PM.

  17. #17
    Hall Of Fame
    Charter JI Member

    Join Date
    May 1999
    Location
    Valley Stream, N.Y.
    Posts
    2,953
    Post Thanks / Like
    [QUOTE=southparkcpa;3954392]I do NOT miss the LIRR.[/QUOTE]

    I can only count the days till I can afford to miss the LIRR.

  18. #18
    All League
    Join Date
    Feb 2005
    Posts
    4,735
    Post Thanks / Like
    In Mn. we only get railroaded by the politicians!

  19. #19
    Board Moderator
    Jets Insider VIP
    Charter JI Member

    Join Date
    May 1999
    Location
    nyc
    Posts
    11,481
    Post Thanks / Like
    [QUOTE=MnJetFan;3954546]In Mn. we only get railroaded by the politicians![/QUOTE]bring back Gov. Jesse!

  20. #20
    Jets Insider VIP
    Join Date
    Sep 2005
    Location
    NC
    Posts
    18,226
    Post Thanks / Like
    [QUOTE=MnJetFan;3954546]In Mn. we only get railroaded by the politicians![/QUOTE]

    More like "Ram Rodded".

    Do you live near the twin cities? Ever listen to Jason Lewis? He's awesome!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Follow Us