SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (308017)10/28/2006 8:35:13 AM
From: RetiredNow  Read Replies (2) of 1572099
 
Well, how about this instead. We know we consume 20 million barrels of oil per day (mbpd) and oil is at around $60 per barrel. Therefore,

20M * 365 * 60 = $438B per year spent on oil.

All we need to do is reduce that consumption by 75% and we would only consume what we produce, which equals oil independence. Let's say a plug-in, flex-fuel, hybrid costs $30K and there are 150M cars in the us. It would cost $4.5T to replace them all.

Let's say that everyone would replace their car naturally every 15 years. So the goal would be for the gov't to cover 50% of the replacement cost ($2.25T), so that in 15 years all cars on the road are plug-in, flex-fuel, hybrids that consume 75% less than cars today.

I plugged all this in a spreadsheet and assumed a straightline conversion of normal cars to the new type of cars, so that by the end of 15 years, all cars were the new type.

If the gov't covered 50% of the cost, here are the figures:
Year 14: Breakeven
Year 15: Cumulative Profit = $378B
Year 20: Cumulative Profit = $2T
Year 25: Cumulative Profit = $3.7T
Year 35: Cumulative Profit = $6.9T
Year 45: Cumulative Profit = $10.2T

If the gov't covered 100% of the cost, here are the figures;
Year 21: Breakeven
Year 25: Cumulative Profit = $1.4T
Year 35: Cumulative Profit = $4.7T
Year 45: Cumulative Profit = $8.0T

Again, looks like a no-brainer to me.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News