Good Move Mr. President....you clown!

[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.
http://wiki.answers.com/Q/How_much_g...l_of_crude_oil

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?

[RedBarchetta]

Originally Posted by SunDude

At this rate the government's $3 billion C4C outlay would be recouped in 3.5 years.

Recouped by who?!? The government isn't going to get that $3 billion back, and they have no incentives to do so. It was a handout, plain and simple, at the cost to taxpayers. And it only supported predominantly one primary industry. Was a sham from the start and short-lived to boot. Typical Democratic solution (band-aid) to a deep gunshot wound.

Don't get me started. I already sent Congressman Wilson a thank you e-mail for having the balls to call a spade a spade. He's my new hero.

[SunDude]

Originally Posted by RedBarchetta

Recouped by who?!? The government isn't going to get that $3 billion back...

True enough. I was just trying to respond using Dan's original premise. He stated that the government spent $3 billion in taxpayer money to save only $350 million, implying some sort of payback calculation. Firstly, he did not point out that this was an ANNUAL savings. Secondly, he didn't calculate the savings correctly. I've edited my post to add a link to the source of my crude-to-gasoline conversion, for everyone's reference.

[bomelia]

Originally Posted by RedBarchetta

Don't get me started. I already sent Congressman Wilson a thank you e-mail for having the balls to call a spade a spade. He's my new hero.

You and me could be amigos. I can't get through to his site. You got another path? Maybe an email addy?

Mike

[DWRAT]

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.