Boycott Lukoil
Jaytee said:
One way to protest the Russian invasion of Ukraine. Stop buying gasoline at Lukoil gas stations. Just read that Newark has suspended the licenses of all the Lukoil gas stations in the city.
Does the gasoline come from Russia?
nohero said:
Jaytee said:
One way to protest the Russian invasion of Ukraine. Stop buying gasoline at Lukoil gas stations. Just read that Newark has suspended the licenses of all the Lukoil gas stations in the city.
Does the gasoline come from Russia?
my understanding is that the stations are franchises. The gasoline may be sourced from anywhere. So boycotting only hurts someone who lives in NJ. I've seen some people on the execrable SOMA Talks FB page say they don't care, and the franchisee should sever ties with Lukoil. But I don't know if it's that simple for them.
ml1 said:
my understanding is that the stations are franchises. The gasoline may be sourced from anywhere. So boycotting only hurts someone who lives in NJ. I've seen some people on the execrable SOMA Talks FB page say they don't care, and the franchisee should sever ties with Lukoil. But I don't know if it's that simple for them.
it’s a tricky situation for the franchisee, in fact Lukoil shares are dropping like lead. The company is owned by people close to Putin. Are the franchises owned by Americans? Russians? I have avoided them for years, also citgo I don’t patronize. We have to send a message.
Jaytee said:
it’s a tricky situation for the franchisee, in fact Lukoil shares are dropping like lead. The company is owned by people close to Putin. Are the franchises owned by Americans? Russians? I have avoided them for years, also citgo I don’t patronize. We have to send a message.
is there any oil company that shouldn't be boycotted? I feel like the only moral alternative is to get rid of my car.
While I don't want U.S. businesses to fail, the Lukoil franchisees chose to hitch their wagon to a questionable company. The CEO and founder is close with Putin.
If you go into business with criminals, you will get burned sooner or later.
There are 3 gas stations at the Springfield Ave & Vauxhall intersection. BP, Exxon & Lukoil.
1. The same individual owns both the Exxon franchise and the Lukoil franchise.
2. The gasoline they sell comes from the same base stock as used by Exxon, Shell, BP, etc. The only difference, is how it is formulated with additives to the brand specifications.
tomcat said:
There are 3 gas stations at the Springfield Ave & Vauxhall intersection. BP, Exxon & Lukoil.
1. The same individual owns both the Exxon franchise and the Lukoil franchise.
2. The gasoline they sell comes from the same base stock as used by Exxon, Shell, BP, etc. The only difference, is how it is formulated with additives to the brand specifications.
The difference is the Lukoil franchise enriches a Putin supporter and also the Russian state. When all is said and done Lukoil North America is a subsidiary of a Russian corporation.
Every Russian product here has people dependent upon their products. Like the liquor store owner who has Russian vodka or the travel agency that has Russian travel clients or the store that sells Russian delicacies.
Are we not to boycott anything Russian then because someone here may be financially hurt? Continue business as usual?
RTrent said:
tomcat said:
There are 3 gas stations at the Springfield Ave & Vauxhall intersection. BP, Exxon & Lukoil.
1. The same individual owns both the Exxon franchise and the Lukoil franchise.
2. The gasoline they sell comes from the same base stock as used by Exxon, Shell, BP, etc. The only difference, is how it is formulated with additives to the brand specifications.
The difference is the Lukoil franchise enriches a Putin supporter and also the Russian state. When all is said and done Lukoil North America is a subsidiary of a Russian corporation.
Every Russian product here has people dependent upon their products. Like the liquor store owner who has Russian vodka or the travel agency that has Russian travel clients or the store that sells Russian delicacies.
Are we not to boycott anything Russian then because someone here may be financially hurt?
Boycotting a local Lukoil station has virtually no effect on Russia. You reduce the flow of $ based on number of gallons pumped, but the franchisee still has to pay a monthly fee.
tomcat said:
RTrent said:
tomcat said:
There are 3 gas stations at the Springfield Ave & Vauxhall intersection. BP, Exxon & Lukoil.
1. The same individual owns both the Exxon franchise and the Lukoil franchise.
2. The gasoline they sell comes from the same base stock as used by Exxon, Shell, BP, etc. The only difference, is how it is formulated with additives to the brand specifications.
The difference is the Lukoil franchise enriches a Putin supporter and also the Russian state. When all is said and done Lukoil North America is a subsidiary of a Russian corporation.
Every Russian product here has people dependent upon their products. Like the liquor store owner who has Russian vodka or the travel agency that has Russian travel clients or the store that sells Russian delicacies.
Are we not to boycott anything Russian then because someone here may be financially hurt?
Boycotting a local Lukoil station has virtually no effect on Russia. You reduce the flow of $ based on number of gallons pumped, but the franchisee still has to pay a monthly fee.
Wrong.
There is a monthly minimum payment and an amount determined by income over a certain level. The contract vary by franchise.
A major source of Lukoil income is from the United States. So, if you feel that the profits due to capitalism takes precedence over sanctions, then be my guest, don't do sanctions. Keep feeding Putin's empire. He needs the dollars. Also, lets open the new Russian/German North Sea oil pipeline so investors don't get hurt.
I believe Lenin said "The Capitalists will sell us the rope with which we will hang them.”
RTrent said:
A major source of Lukoil income is from the United States. So, if you feel that the profits due to capitalism takes precedence over sanctions, then be my guest, don't do sanctions. Keep feeding Putin's empire. He needs the dollars. Also, lets open the new Russian/German North Sea oil pipeline so investors don't get hurt.
I believe Lenin said "The Capitalists will sell us the rope with which we will hang them.”
As I understand it, dollars paid in the U.S. aren't getting to Russia right now because of banking sanctions.
In truth, if each of us was committed to our children's future, we would look for ways to minimize our consumption of gasoline and diesel fuel.
Petrodollars fund far too many countries who have interests and values counter to ours.
And there is the CO2 emissions problem as well.
nohero said:
As I understand it, dollars paid in the U.S. aren't getting to Russia right now because of banking sanctions.
If that were only so. Russia can transfer money by using a country that has not imposed banking sanctions, like China. Russia could then use CIPS instead of Swift.
Iranian firms and individuals are banned from Swift but they still manage to transfer funds.
RTrent said:
If that were only so. Russia can transfer money by using a country that has not imposed banking sanctions, like China. Russia could then use CIPS instead of Swift.
Can you explain in layman’s terms how Lukoil would transfer dollars paid in the U.S. to a country like China?
tjohn said:
In truth, if each of us was committed to our children's future, we would look for ways to minimize our consumption of gasoline and diesel fuel.
Most of us are.
But I can't say the same about our politicians, even the ones who are"environmentally friendly." NY governor Hochul said she'd desire that companies get workers to commute back to NYC. Which is to feed the NY tax base, to keep NYC's office real estate profitable (another large tax base) and to support local retailers.
But of all transit modes, commuting is one of the most harmful. It takes a ton of fuel with its pollutant effect to move commuters. Two or three hour daily commutes are certainly more harmful than those weekend, leisure or shopping drives.
As usual, its economy benfits having precedence over the environment even with so called environmental politicians. Then do you wonder why corporations act the same?
RTrent said:
nohero said:
As I understand it, dollars paid in the U.S. aren't getting to Russia right now because of banking sanctions.
If that were only so. Russia can transfer money by using a country that has not imposed banking sanctions, like China. Russia could then use CIPS instead of Swift.
Iranian firms and individuals are banned from Swift but they still manage to transfer funds.
One solution is for the government to prohibit payments to Lukoil and/or direct franchisees to hold payments in an escrow account. If its true that Lukoil franchisees are tapping the same oil supplies as every other station - i.e. they are not buying "Russian" oil - there's nothing Lukoil could do to hit back.
Boycott targets should not be based on ignorance and sentiment but on thought. If this is going to hurt Americans more than it going to hurt Lukoil, I'm against it. The history of gas station boycotts is not very good BTW. By all means grab the assets of Putin cronies, boycott Russian goods, but try to limit the damage to fellow Americans (e.g. presumably a consumer will buy another brand of vodka at the liquor store rather than a Russian brand if we boycott their vodka).
RTrent said:
Most of us are.
But I can't say the same about our politicians, even the ones who are"environmentally friendly." NY governor Hochul said she'd desire that companies get workers to commute back to NYC. Which is to feed the NY tax base, to keep NYC's office real estate profitable (another large tax base) and to support local retailers.
But of all transit modes, commuting is one of the most harmful. It takes a ton of fuel with its pollutant effect to move commuters. Two or three hour daily commutes are certainly more harmful than those weekend, leisure or shopping drives.
As usual, its economy benfits having precedence over the environment even with so called environmental politicians. Then do you wonder why corporations act the same?
She didn't advocate commuting by car. "Commuting" is via all transportation modes.
In fact, congestion pricing, yet to be implemented but approved regardless, is intended to disincentive commuting by car to the Central Business District.
DaveSchmidt said:
RTrent said:
If that were only so. Russia can transfer money by using a country that has not imposed banking sanctions, like China. Russia could then use CIPS instead of Swift.
Can you explain in layman’s terms how Lukoil would transfer dollars paid in the U.S. to a country like China?
Can't.
RTrent said:
Can't.
Then I’ll just have to take your rebuttal to nohero on faith.
I heard one person who said they were in the oil contract business report that the oil tankers already sailing and en route are paid before the product comes to the US. So, I guess if you are an oil-importing company, you pay in advance for the oil in the tanker ship. So, perhaps a plan would be for future contracts for Russian oil should be boycotted by the oil import businesses. I have no inside day-to-day knowledge of this type of international business, but it would be nice to hear more details rather than just the talking points that are used on TV and radio. Our international economy is very complicated and I hope those business people who know the ins and outs of the business can help make decisions to help Ukraine. I am still amazed at how many of our essential products are at least partially made in totalitarian countries that do not respect human rights.
ml1 said:
nohero said:
Jaytee said:
One way to protest the Russian invasion of Ukraine. Stop buying gasoline at Lukoil gas stations. Just read that Newark has suspended the licenses of all the Lukoil gas stations in the city.
Does the gasoline come from Russia?
my understanding is that the stations are franchises. The gasoline may be sourced from anywhere. So boycotting only hurts someone who lives in NJ. I've seen some people on the execrable SOMA Talks FB page say they don't care, and the franchisee should sever ties with Lukoil. But I don't know if it's that simple for them.
they can't just cut ties, gas stations are in multi year contracts, they can't switch until the contract expires. one news station had what appeared to be an American born (perfect English, sounded like he lived in NJ all his life) station owner....he owned multiple stations...it was his livelihood
There is a big difference in an open liquor store no longer selling Russian vodka and completely shutting down an American's Lukoil franchase.....Liquor store is still in business and only takes a small hit. And many people with buy alternate products to make up for it.
BTW, some of the so called Russian Vodka being boycotted isn't from Russia
If we don't gas up at Lukoil, we're not hurting putin.
What about the local folks who may own the station AND the minimum wage folks who work there to support their families???
Several articles on the action in Newark.
https://patch.com/new-jersey/newarknj/newark-suspends-lukoil-gas-station-licenses-ukraine-russia
flatbush said:
What about the local folks who may own the station AND the minimum wage folks who work there to support their families???
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.
RTrent said:
flatbush said:
What about the local folks who may own the station AND the minimum wage folks who work there to support their families???
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.
this is a good thing.
It’s a form of peaceful protest. I won’t shed a tear for anyone owning gas stations. We stop buying their gas, they sell the business to some other, I’m sure other companies will buy them out. Just like how Lukoil bought out so many Mobil stations. I’m thinking nobody will be interested in buying a Lukoil gas station franchise in the near future.
Gas station owners are some of the worst employers.
DaveSchmidt said:
RTrent said:
If that were only so. Russia can transfer money by using a country that has not imposed banking sanctions, like China. Russia could then use CIPS instead of Swift.
Can you explain in layman’s terms how Lukoil would transfer dollars paid in the U.S. to a country like China?
Some of China's largest banks are not dealing with Russia. ICBC and the AIIB for starters. Haven't checked the Agriculture bank yet.
https://www.aiib.org/en/news-events/news/2022/AIIB-Statement-on-war-in-Ukraine.html
drummerboy said:
RTrent said:
flatbush said:
What about the local folks who may own the station AND the minimum wage folks who work there to support their families???
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.
this is a good thing.
A lot of other businesses and services are already self-serve. Suddenly, people are concerned about self-service taking away jobs when it means they may have to pump their own gas.
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One way to protest the Russian invasion of Ukraine. Stop buying gasoline at Lukoil gas stations. Just read that Newark has suspended the licenses of all the Lukoil gas stations in the city.