News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles.Fair Use Doctrine is posted & used. Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year] Contact: editor@arranewsservice.com (Pub. Since July, 2006)Home PageFollow @arra
One of the penalties for refusing to participate in politics
is that you end up being governed by your inferiors. -- Plato
(429-347 BC)
Thursday, September 10, 2009
Must be Obama and Democrat Logic!
A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year.
The government claims there are 700,000 such vehicles – so that's 224 million gallons / year.
A barrel of oil contains 42 gallons of oil. After refining, it makes about 19.5 gallons of gasoline.
That 224 million gallons of gasoline requires about 11.5 million barrels of oil we will save.
11 million barrels of oil is about 1/2 of one day's US consumption.
And, 11.5 million barrels of oil costs about $862 million dollars at $75/bbl.
So, all of us tax payers contributed $3 BILLION to save $862 million.
How good a deal was that ??? And we should trust them with ObamaCare???
Must be Obama and Democrat Logic! [H/T Dave Ellibee] Tags:automobile, cash for clunkers, gasoline, oil, political satire, truthTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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