In the US during the Global Financial Crisis, Pres. Obama introduced his famous “Cash for Clunkers” program.
This brilliant piece of financial waste provided owners of “clunkers” (old cars) with monetary incentives to trade-in their vehicles on new “efficient” ones.
As with many such “environmentally friendly” schemes it was a failure.
Here’s why:
A 15 mpg clunker that travels 12,000 miles a year uses 800
gallons of gas a year.
A 25 mpg vehicle that travels 12,000 miles a year 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 clunkers were turned-in, 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 tax dollars to
save $350 million.
They spent $8.57 for every dollar we saved.
Wind farms are somewhat similar. Con the public into believing they will save money and the environment and garner support.
Just like the Cash for Clunkers program however, wind farms ultimately save nothing – especially the environment – and will cost you vast sums in the future through increased power charges.
Think about it.