I received this story a few days ago and thought today would be a good day to share it especially because the President’s State of the Union address will be on this evening. With all that I am sure he will promise to the American people to fix our bad economy and right “our ship!” I think this story will give all of us a reason to pause and reflect….Its entitled “Oil Field 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
> 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.
So when you hear the answers offered by our President tonite and how “government” will save us……put one hand on your wallet, for safety’s sake!
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