Obama's Clunker Math

On 3 Feb, 16:34, Canuck57 > wrote:
> On 25/01/2011 10:21 AM, Harry Hopeless aka Major Debacle wrote:
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> > 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 new 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.
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> > The Administration claims approximately 700,000 clunkers were traded in,
> > so that's 224 million gallons saved per year, which equates to a bit
> > over 5 million barrels of oil.
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> > 5 million barrels is about 5 hours worth of US consumption. *More
> > importantly, 5 million barrels of oil at $70 per barrel (the average
> > cost of oil during the Cash for Clunkers program) cost about $350
> > million dollars.
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> > QED: The government paid $3 billion of our tax dollars to save $350
> > million. *In other words, we spent $8.57 for every dollar we saved.
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> > I'm pretty sure they will do a great job with our health care, though.
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> Government can't add, subtract nor multiple and division is what they do
> against people.
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> Sort of like the Volt, pay $10,000 or more than a V8 F150, then think
> because your not buying gas you save. *The utuility bill comes in and
> there is a electric. *And in 3 years when the lithum battery dies, like
> it does for your laptop you find you need a $5000 battery. *Anyone look
> at lithium prices? *My stock in the stuff has tripled in 8 months.
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> But this is government. *Huge waste of money.
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> --
> Socialism is a great ideal as long as someone else pays for it. And when
> no one is left to pay for it, they all can share nothing.

For whatever reason then the interest for electrics is growing.
All the major players are coming out with new electrics and/or
hybrids.
There will of course be problems along the way and some people will be
lucky and others not so lucky.
One of the biggest problems is that the service industry is not
prepared for this so all kinds of scams will pop up as usual.
The mix of old and new technology in hybrids is a particular problem.
There are also varied systems used for batteries.
Some try using something new and some try to use a lot of old type of
batteries.
You can always find problems if you look for them.
The transition from old style cars to new is sure to be paved with
mistakes.