Cash for Clunkers - Replayed
Crazy here in Anchorage with a little snow, the Iditarod start and working on the shower all weekend so not much time to write so I’ll post this one that I saw on Grouchy Old Cripple (GOC) site and could not resist replaying it here. I didn't check the numbers, but even so, CFC was a liberal wet dream and I know how liberal wet dreams always turn out. They waste money and don't accomplish much. In fact, they usually make things worse. A 15 mpg clunker that travels 12,000 miles a year uses 800 gallons of gas a year. A 25 mpg vehicle that travels 12,000 miles a year uses 480 gallons a year. So, the average Cash for Clunkers transaction will reduce US gasoline consumption by 320 gallons per year. (Actually, I think it saved even less than that...GOC) They claim 700,000 clunkers were turned-in, 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. Mor...