Did the jerks at Washington even run the numbers???
A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.
So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year per vehicle.
They [...]
On Wednesday, the contract tumbled $5.95 to settle at $42.63 after the Energy Information Administration said that inventories of commercial crude oil inventories rose 6.7 million barrels. That was well above the 1.5 million-barrel build expected by analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.
Obviously, with all the lay-offs, job losses, and [...]
The Department of Energy was instituted 08-04-1977 In order to LESSEN our dependence on foreign oil.
And now it’s 2009, over 31 years later, and the budget for this necessary department is at $24.2 billion a year, they have 16,000 federal employees, and approximately 100,000 contract employees and look at the job they have done! [...]