Quote:
Originally Posted by SunDude
I hate to say it, but I think your numbers are a bit off.
One barrel of crude oil = 42 gallons of oil which yields 19.5 gallons of gasoline.
Therefore, saving 320 gallons of gas per vehicle per year, times 700K vehicles, would save 224 million gallons of gas per year, as you state. However, this equates to 11.49 million barrels of crude oil per year (not 5 million barrels).
At $75/BBL this represents an annual savings of $861.5 million.
At this rate the government's $3 billion C4C outlay would be recouped in 3.5 years.
Now what's the average useful life of these new, more fuel-efficient vehicles in the national fleet? 10 years? 15 years? 20 years? |
1 barrel of oil Will make more then 19.5 gallons of fuel.
Your facts are how a barrel is used in the USA.
If we were only after gasoline it would go much further.
"One barrel of crude oil contains 42 gallons
About 46% of each barrel of crude oil is refined into automobile gasoline
In the US and Canada an average of 3 gallons of crude oil are consumed per person each day
The US imports about 50% of its required crude oil and about 50% of that amount comes from OPEC countries
Product Refined Gallons/Barrel
Gasoline 19.3
Distillate Fuel Oil (Inc. Home Heating and Diesel Fuel) 9.83
Kerosene Type Jet Fuel 4.24
Residual Fuel Oil 2.10
Petroleum Coke 2.10
Liquified Refinery Gases 1.89
Still Gas 1.81
Asphalt and Road Oil 1.13
Petrochemical Feed Supplies 0.97
Lubricants 0.46
Kerosene 0.21
Waxes 0.04
Aviation Fuel 0.04
Other Products 0.34
Processing Gain 2.47"
So your cals are not accurate either.