He'll ride around in that while the rest of us get this ....
Posted on 07/29/2011 11:07:29 AM PDT by WOBBLY BOB
WASHINGTON—Ushering in the largest decrease in auto fuel consumption since the 1970s, President Barack Obama and automobile manufacturers Friday announced a deal that will save drivers money at the pump and dramatically cut heat-trapping gases coming from tailpipes. The agreement pledges to double overall fuel economy to 54.5 miles per gallon by 2025, bringing major under-the-hood changes for the nation's automobiles starting in model year 2017. Cars and trucks on the road today average 27 miles per gallon.
"This agreement on fuel standards represents the single most important step we have taken as a nation to reduce our dependence on foreign oil," Obama said, sharing the stage with top executives of the major auto makers before a backdrop of some of the most cutting-edge cars on the road.
"Just as cars will go further on a gallon of gas, our economy will go further on a barrel of oil," Obama said.
When achieved, the 54.5 mile-per-gallon target will reduce U.S. oil consumption from vehicles by 40 percent and halve the amount of greenhouse gas pollution coming out of exhausts.
(Excerpt) Read more at twincities.com ...
First, this sentence is nothing but cheerleading prose from the media.
Second, they do not tell you that it will add $10,000 to the price of an automobile. So, you will save money at the pump, but lose money overall because it is more than offset by an increase in the price of the vehicle!
I bet 54.5 MPG came to him while he was sitting on the pottie or smoking the pottie
Well, if all those new cars are using that much less, then there will be lots of gas left over. Prices will go down, right?
Supply and demand, right?
.
FAR from warming the planet rapidly, man-made pollution might actually be contributing to a slowing of global warming, a US study suggests.
drive MORE NOW!
So did I! I kept looking for the sarcasm tag.
He'll ride around in that while the rest of us get this ....
Because DRILLING for our own damn oil is out of the question, thanks to you!
“drive MORE NOW!”
No one has any idea what’s going on. The only honest scientists are the ones that admit the climate changes, and the system is far to complex for us to decipher at this point in time.
In the early 70s they taught us particulate pollution was blocking out the sun’s energy, and we’d have an ice age by the year 2000. They also taught us acid rain would be so severe, you wouldn’t be able to go out in the rain without protection.
Garbage is what they tried to teach us.
As of today there are 2500 out of work Rocket Scientists (bye, bye NASA), and the big O will have them get right on this, no worries.
Dictator Obama has broken so many laws a few more won’t be of concern to him.
Now he has ordered the automobile manufacturers to break the laws of physics, mechanics and thermodynamics.
Nothing all that new here.
“Second, they do not tell you that it will add $10,000 to the price of an automobile. “
Interesting to put it in numbers. Let’s assume an average driver, driving a Ford Focus. That driver does around 15k miles a year, and gets 30mpg. That driver keeps the car 10 years, and the price of gas averages $5/gallon for the life of the car.
That’s 500 gallons of gas to go 15000 miles at $5/gal. = $2500 in gas, or $25,000 in gas for 10 years.
Now assume the driver pays an extra $10k for a new Focus that gets 54.5 mpg. That’s 275 gallons of gas to go 15000 miles. Or, $1375 a year. In 10 years it’s $13,750 in gas cost.
So, for the new improved Focus it will cost you $23,750, versus $25,000 for the old Focus. But, using an ugly interest environment of 2%, the $10k upfront is worth $12,190. That results in new Focus $12,190 cash cost + $13,750 fuel cost = $25,940 vs. $25,000 for the old Focus.
So, in reality, you will pay an extra $940 minimum, for the privilege of getting better gas mileage.
Your mileage may vary.
We are going to need bigger gallons and shorter miles real soon now!
Gotcha Boss, we'll get right on that for ya...(if ya can't raise the bridge ya can lower the water)
Regards,
GtG
I don't see being able to haul Michelle's big fat A around with a car like that.
AMEN! I miss my ‘77 Cutlass, had at least half a mile of hood before the windshield taste-test. With my Chebby small block and quadrajet squirtin’ away I got 8 MPG (drove it like a rental).
To meet such a standard, one of the necessary changes will undoubtedly be a reduction of the weight and crashworthiness of the average car. They won’t be making tractor-trailers any smaller, though.
How many additional people will die every year because of this deal? Five hundred? One thousand? Several thousand?
But, hey, it’s a small price to pay for progress... /s
Look for this deal to bring increased employment of accident-site cleanup workers and mortuary technicians, as well as increased overtime pay for first-responders and bereavement counselors.
(Not that it would matter to Obama)
C’mon...forget Supply and Demand. The deep drop in the use of gasoline will drastically harm the TAX REVENUE of the many states (all) that need, feed off, and waste .
This will mean that gas itself drops to $.85 per gallon while the TAX climbs to $11.75.
This is a dilusional bit of nonsense.
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