Best of the Week
Most Popular
1. Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - P_Radomski_CFA
2.Fed Balance Sheet QE4EVER - Stock Market Trend Forecast Analysis - Nadeem_Walayat
3.UK House Prices, Immigration, and Population Growth Mega Trend Forecast - Part1 - Nadeem_Walayat
4.Gold and Silver Precious Metals Pot Pourri - Rambus_Chartology
5.The Exponential Stocks Bull Market - Nadeem_Walayat
6.Yield Curve Inversion and the Stock Market 2019 - Nadeem_Walayat
7.America's 30 Blocks of Holes - James_Quinn
8.US Presidential Cycle and Stock Market Trend 2019 - Nadeem_Walayat
9.Dear Stocks Bull Market: Happy 10 Year Anniversary! - Troy_Bombardia
10.Britain's Demographic Time Bomb Has Gone Off! - Nadeem_Walayat
Last 7 days
Stock Market Crash Edition - 26th Mar 19
Handy Ways to Boost Your Home Income - 26th Mar 19
US Treasury Bond Yield Inversion and Political Fed Cycles - 26th Mar 19
Golan Heights Oil all about the Shekels - 26th Mar 19
Falling Yields a Catalyst for The Gold Catalyst - 26th Mar 19
Can We Lock Up Rachel Maddow Now? - 25th Mar 19
Real US National Debt Might Be $230 Trillion - 25th Mar 19
Friday's Stock Market Sell-Off - New Downtrend or Just Correction? - 25th Mar 19
20 Days Left to Find Buying Opportunities In Gold - 25th Mar 19
Will the Historic Imbalance in Gold Stocks to Gold Price Resolve ? - 25th Mar 19
EasySMX Wireless Games Controllers Review - 25th Mar 19
Stock Market Short-term Top - 25th Mar 19
UK Population Growth - Latest ONS Immigration Statistics and Consequences - 24th Mar 19
The Fed Follows Trump's Tweets, And Does The Right Thing - 24th Mar 19
Yield Curves, 2yr Yield, SPX Stocks and a Crack Up Boom? - 24th Mar 19
Risk/Reward in Silver Favors Buying Now, Not Waiting for Big Moves - 23rd Mar 19
Similarities Between Stock Market Today and Previous Bull Market Tops - 23rd Mar 19
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

How Much Oil Is Needed To Power Santa's Sleigh?

Commodities / Crude Oil Dec 17, 2015 - 04:35 PM GMT

By: OilPrice_Com

Commodities Every year around the world, hundreds of millions of children wait anxiously for Santa Claus to arrive and bring presents and good cheer. But what if Santa never came? What if this year the reindeer all fall ill, perhaps due to Crazy Reindeer disease (the analog to Mad Cow) and Santa is forced to cancel Christmas? The result would be devastating.



Fortunately, for any children reading, official word from the North Pole is that Santa's sleigh has some new upgrades this year that allow it to run on good old fashioned jet fuel if the reindeer fail. And with the current glut of oil around the world, fuel prices are so affordable that even if the reindeer are feeling up to their usual task, Old Saint Nick might just give them the night off and choose to fly with fuel nonetheless.

So how much oil does Santa need for his rounds on the night of the 24th?

Well the answer is complicated by a number of factors most importantly, we just don't know a lot of about Santa's rounds, the shape of the sleigh, the air speed of the craft, or the weight of all those presents. But, we can take some educated guesses.

One 42 gallon barrel of oil is typically used to make a variety of different products. About 51 percent of the average barrel ends up being used for gasoline, while 12 percent ends up being used for jet fuel. Let's assume then that Santa's going to use standard jet fuel, and that 12 percent ratio holds – so for each gallon of jet fuel, we need around 8 gallons of oil. Recognizing that the byproducts of a processed barrel of oil are greater than the original 42 gallons, this 2:1 ratio is still a good place to start as a rough rule of thumb.

Next we need to get a rough idea of Santa's fuel economy. How many miles does he go on a gallon of jet fuel? It's not clear how much Santa's sleigh weighs, or what it is shaped like, but we can probably envision it as something like a cross between a Suburban, a C-5 Galaxy fright aircraft, and an F-22 Raptor fighter jet. The sleigh looks blocky like a Suburban, carries about the same level of cargo as much as C-5 might, yet has the speed of a fighter jet. The fighter jet and c-5 achieve a fuel economy around the range of 0.1 miles per gallon to 0.5 miles per gallon. A 747 for instance burns around 5 gallons of fuel per mile.

But of course, those aircraft are all much larger than Santa's sleigh. (Imagine poor Rudolph trying to pull a Dreamliner!) A Lear Jet uses around 1 gallon of fuel per 2.75 miles (based on a speed of 465 knots or 535 miles per hour). A Piper Cub uses about 1 gallon per 15 miles. Santa's fuel economy is going to fall off the faster he goes, and to get to all the children of the world in one night, he is going to need to go a lot more than the Piper cub's 65 knots per hour. Just to take off, Santa is going to need to hit about 180 miles an hour, and probably more than that given the sleigh designer's seem to have a weak grasp on Bernoulli's principle. Thus the Suburban is probably a good size comparison for Santa's sleigh, and one might estimate the sleigh gets about 5 miles to 1 gallon of jet fuel (8 gallons of oil).

Now how far does Santa need to go? There are around 7.3 billion people in the world, which works out to around 1.5 billion households around the planet based on around 5 people per household. Now not everyone celebrates Christmas of course, but many Christians and non-Christians alike do. By some estimates, perhaps 45% of the world's population celebrates Christmas. That means that Santa needs to visit about 675 million households. With about 7 households per square mile, and assuming that households celebrating Christmas are clustered (which seems logical given religious clustering), that means that Santa has to cover around 94 million square miles of households.

The most efficient mechanism for Santa to cover these households is a very complex mathematical problem. But assuming Santa wants to fly diagonally over each square mile (for a distance of 1.41 miles based on the Pythagorean Theorem), and households are on average distributed proportionally across this each 1 mile block, then Santa will have to fly over 2.41 miles of ground to cover each square mile as efficiently as possible. (You can use a variety of mathematical algorithms to model the most efficient flight path depending on population dispersion – this is just a reasonable approximation based on the assumptions outlined above).

As a result, Santa needs to travel around 226 million miles to deliver all of the presents to the world's children. This assumes minimal idle time on each rooftop (he's got to scarf down those cookies quickly), and abstracts away from the extra fuel needed for each takeoff.

Given our 5 miles per gallon of jet fuel efficiency calculated above, that means Santa needs around 45 million gallons of jet fuel for his annual voyage. With jet fuel going for around $1.20 a gallon right now on the spot market, and prices looking historically low, this puts the total fuel cost of Santa's journey at a bit less than $54 million for one night. On second thought, maybe it's time to break out the hay for those 8 reindeer.

Article Source: http://oilprice.com/Energy/Energy-General/How-Much-Oil-Is-Needed-To-Power-Santas-Sleigh.html

By Michael McDonald of Oilprice.com

© 2015 Copyright OilPrice.com - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

OilPrice.com Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules