Archive for the ‘Money Funny’ Category

My Dream

Thursday, November 18th, 2010
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Dilbert.com

Somedays, You Just Have to Laugh it Off

Tuesday, September 28th, 2010
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http://humor.fywservices.com/2010/09/a-happy-retirement/

Taking the Joke Seriously

Thursday, March 11th, 2010
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I recently received an email I believe was intended for my joke blog, but I took it up seriously. Below is the thread with names removed:

I’m not good at calculating these high numbers….but sure makes ya scratch your head!

Oilfield Math;

Working in the oilfield with others such as myself and a wealth of combined experience we understand the accuracy of the following.

Think of it this way:

A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year.

A vehicle that travels 12,000 miles a year at 25 mpg 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 vehicles 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 of our tax dollars to save $350 million.

We spent $8.57 for every dollar we saved.

I’m pretty sure they will do a great job with our health care though.

Yup, those numbers are about right. Only thing is, saving spending on oil had nothing to do with the program. The program had to do with stimulating the economy by propping up an industry that was almost bankrupt, making the politicians look good by showing improved consumer spending and a rise in the stock market based on false recovery numbers and reduction in unemployment growth by employing those auto workers a few weeks longer.

The real number to look at is what the consumer that got cash for the clunker got out of it. Saving 320 gallons per year at 2.89 cents per gallon = $896 per year. A crappy car after the rebate is still about $10k financed. With an average credit rating, you will get it at about 7% and being the average desperate person you go for 6 year financing. That is $170.49 per month, or $2045.88 per year. The first 2 years are almost pure interest, so for the first two years you throw away $1149.88 per year for the privilege of improving the lifestyle of someone who owns Ford stock (do you?).

Of course, for those who were going to buy a car anyway, it was a great boon, however since sales increased by ~70%, that is darn few. The funniest part is that the cash for clunkers rebates were smaller than the manufacturer’s rebates that were suspended during the program and cost the dealers more, resulting in laying folks off locally instead of just in the car building states.

See today’s Non Sequitor for a perfect illustration of the whole concept 🙂

Cheers!

I’m not good at calculating these high numbers….but sure makes ya scratch your head!

Oilfield Math;

Working in the oilfield with others such as myself and a wealth of combined experience we understand the accuracy of the following.

Think of it this way:

A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year.

A vehicle that travels 12,000 miles a year at 25 mpg 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 vehicles 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 of our tax dollars to save $350 million.

We spent $8.57 for every dollar we saved.

I’m pretty sure they will do a great job with our health care though.

TD

Sunday, May 24th, 2009
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I don’t know how I started getting emails from Chris Johnson of the

Hello world!

Thursday, May 21st, 2009
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While this will definitly get serious, I wanted to set the precedence for my sense of humor with this post, consisting of a Dilbert comic.
Dilbert.com

And, yes, I’m too lazy to fix this so it doesn’t run over the side until it is pushed down by other posts!