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WIN: Oil Oil Everywhere, Not A Drop To Burn

Posted By Jim On 07/11/2008 @ 12:26 pm In Personal Finance,Retirement | 7 Comments

According to howstuffworks.com, the United States consumes about 400 million gallons of oil a day across 100 million households, or approximately 4 gallons per household per day. If you drive a 25 MPG car, that’s a hundred miles of driving a day. How does your household stack up? You using more or less than your four?


If we melt Greenland, we can get 50 billion barrels of oil. [3] Actually, it’s already melting and oil companies already have oil exploration licenses to start poking around in Greenland. So, really we need to do nothing differently. Oh, and I heard penguins and polar bears make excellent soups so let’s melt the ice from under them too.


General Motors, as of the recent IRS report, has sold a mere 8,485 hybrid vehicles [4]. By comparison, Toyota crushed the 60,000 limit and Honda just recently exceeded it. Ford is over halfway there. GM is, well, slightly slower out of the gate but remember the tortoise beat the hare.


The Tesla Roadster is a fully electric car made by Tesla Motors [5]. On a single charge, it can travel 220 miles with an efficient of a reported 4.7 mi/kW·h which is the equivalent of 135 MPG. $100,000 is the price of one of the Tesla’s “Signature One Hundred” in all its tricked out glory. Fortune just published an article yesterday about the Tesla [6].

Have a great weekend everyone!


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[2] Email: mailto:?subject=http://www.bargaineering.com/articles/win-oil-oil-everywhere-not-a-drop-to-burn.html

[3] If we melt Greenland, we can get 50 billion barrels of oil.: http://www.autobloggreen.com/2008/04/02/melting-greenland-could-yield-50-billion-barrels-of-oil/

[4] sold a mere 8,485 hybrid vehicles: http://www.bargaineering.com/articles/2008-hybrid-tax-credit-update.html

[5] Tesla Motors: http://www.teslamotors.com/

[6] article yesterday about the Tesla: http://money.cnn.com/2008/07/10/technology/copeland_tesla.fortune/index.htm?postversion=2008071010

Thank you for reading!