Boycott Lukoil
drummerboy said:
fwiw, Lukoil appears to be distancing itself from the war
Good to hear, I hope too many people aren't boycotting local franchises.
https://www.cnn.com/2022/03/01/business/russia-lukoil-boycott/index.html
jamie said:
Good to hear, I hope too many people aren't boycotting local franchises.
https://www.cnn.com/2022/03/01/business/russia-lukoil-boycott/index.html
that’s good. Peaceful protest get results.
Just read a Washington Post story on the Lukoil boycott.
Read that Putin personally attended a station opening when Lukoil started up here. Does anyone think Putin spends time or effort when there is no personal benefit?
https://www.washingtonpost.com/business/2022/03/13/lukoil-gas-stations/
Some here believe we shouldn't boycott Lukoil because we'd be hurting the franchisors. Sorry, but when you lie down with dogs then expect to get up with fleas. The point of boycotts and sanctions is to create pain. Exceptions lessen their effectiveness.
Even before this war I avoided Lukoil knowing the company empowered Putin and his Russian dreams by being another financial feed to his treasury.
Jaytee said:
jamie said:
Good to hear, I hope too many people aren't boycotting local franchises.
https://www.cnn.com/2022/03/01/business/russia-lukoil-boycott/index.html
that’s good. Peaceful protest get results.
The headline for the above is story is "Boycotting Lukoil would sting US gas station owners more than Russia's oil company".
You know what? Stopping the NordStream 2 oil pipeline will hurt Germany more than Russia. Yet, the Germans are making that sacrifice.
RTrent said:
Jaytee said:
jamie said:
Good to hear, I hope too many people aren't boycotting local franchises.
https://www.cnn.com/2022/03/01/business/russia-lukoil-boycott/index.html
that’s good. Peaceful protest get results.
The headline for the above is story is "Boycotting Lukoil would sting US gas station owners more than Russia's oil company".
You know what? Stopping the NordStream 2 oil pipeline will hurt Germany more than Russia. Yet, the Germans are making that sacrifice.
Don't think this is an apt comparison. Russia needs European money as much as Europe needs Russian gas, and the cancelling of this project, if it holds, represents a large long term turning away from dependency on Russia. I don't think Putin is going to notice if the (American) guy at Vauxhall and Springfield goes out of business.
RTrent said:
You know what? Stopping the NordStream 2 oil pipeline will hurt Germany more than Russia. Yet, the Germans are making that sacrifice.
Yes, I know that. Germans are making that sacrifice under a decision made by their representative government.
The analogy to you and me deciding that franchisees can make a sacrifice, however, eludes me.
DaveSchmidt said:
RTrent said:
You know what? Stopping the NordStream 2 oil pipeline will hurt Germany more than Russia. Yet, the Germans are making that sacrifice.
Yes, I know that. Germans are making that sacrifice under a decision made by their representative government.
The analogy to you and me deciding that franchisees can make a sacrifice, however, eludes me.
Its the imposition of the boycott or sanction.
The German government is imposing the sanction which will hurt investors, companies and likely ordinary citizens. If we did a boycott its us who imposed, not government, which will hurt the franchisees and the Russians.
bub said:
Don't think this is an apt comparison. Russia needs European money as much as Europe needs Russian gas, and the cancelling of this project, if it holds, represents a large long term turning away from dependency on Russia. I don't think Putin is going to notice if the (American) guy at Vauxhall and Springfield goes out of business.
Certainly, Putin will notice and be pissed again should if Lukoil America go out of business.
But if that's the way we should feel then lets just forget about boycotts or sanctions. Lets put NordStream 2 back because I'm sure Putin won't notice when some individual in Bremen or some NordStream maintenance company in Mecklenburg-Vorpommern loses money.
If we were really that concerned about the franchisees then have our federal government reimburse them. Why not? We throw tons of subsidies at airlines, banks and other industries. We can also immunize them from lawsuits should they need to break their franchise contracts.
How does immunization work? The Experian data breach is a good example. After the breach was discovered we had the dog and pony congressional hearings. The usual outrage of how terrible, how could it happen, how can we prevent it, blah, blah.
After the dog and pony, what was the result? A new law immunizing Experian from lawsuits. What we should have gotten was a law that required financial data to be treated like medical data. A law that would have imposed penalties similar to HIPAA for financial breaches.
I don't get the focus on Lukoil, especially given info posted here that Lukoil franchisees buy their oil on the open market. They are not supplied by Russia it seems.
I would prioritize the boycott of all Russian goods before even considering Lukoil franchises. A boycotter of, say, Russian vodka can buy a non-Russian brand of vodka from a store and not hurt the store owner. Of course, if you motive is anti-capitalist or anti-gas station owner (or anti fossil fuel, which in an ideal situation, I am), as some posters have admitted, knock yourself out staying away from Lukoil. But if you want to hurt Putin, you have to think about your choices a little bit and prioritize.
Also, the sanctions are sending Russia into an economic disaster at a rate and to an extent the world has never seen. Give it a little time.
RTrent said:
If we did a boycott its us who imposed, not government, which will hurt the franchisees and the Russians.
Right. To me, who imposes the sacrifice is a key distinction that makes your analogy inapt.
RTrent said:
Your empathy for owners and minimum wage workers is commendable.
Yet, the station owners are the first ones to get rid of their minimum wage workers folk, if they only could.
Oh snap, they're working on it. That is, the owners are supporting the latest push for self service.
One of the things I love the most about not living in NJ anymore is being able to pump my own gas.
Today's Washington Post on Lukoil in the US.
I've avoided our local station for years once I learned Philip was Russian company.
Thought the list of companies either leaving or staying in Russia is worth a look since we are discussing boycotts. It is updated daily by Yale Professor Sonnenfeld's team and is said to have influenced several companies. He has broken it down into 4 categories with some specifics. I'm keeping my eye on some big companies that sell everyday products in category 3, like General Mills.
Subway is a franchise in Russia, currently in category 4, dug in. It is up to us to research any company's decision and decide if it is a reasonable candidate for boycott. I searched for a list after watching President Zelensky's speech imploring all companies to halt business in Russia.
https://som.yale.edu/story/2022/over-300-companies-have-withdrawn-russia-some-remain
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fwiw, Lukoil appears to be distancing itself from the war