Trebuchet's Tumblog

I disagree on this one. The Journal doesn’t take into account the fact that our trade deficit brought on by our oil imports is a far greater transfer of wealth than 3 billion in government credits for new cars.

(I’m making these numbers up before I do the calculations because I’m so confident that this will turn out to be a winner)
Let’s say half a million cars are bought, and the average mpg on each car was 15mpg, and is now 25mpg. We’ll figure that each car was driven 10,000 miles in an average year. Each car on average will save 267 gallons of gas per year, at the stunningly low rate of $2.50/gallon, that amounts to $667 per car, or roughly 1/3 of a billion per year. 9 years down the road and we’ve saved everything we spent, and doesn’t take into account any of the economic incentives we’re passing out to car dealerships, recyclers, etc.

And just to annoy the people who are big fans of drilling our way to energy independence, we’ll save 3,174,603 barrels of oil per year based on my stats, which accounts for 53.3% of our yearly imports from OPEC. You don’t think that would hurt Ahmadinejad or Chavez just a little?