Friday, June 4, 2010

Phil Flynn: All Right So You Are Mad At BP

All right so you are mad at BP so why not go out and try to cut into their profits buy not buying their gasoline. Well it sounds good, but the problem is that if you want to get back at BP that is not the way to do it. The truth is BP is not in the retail gas business and the other truth is all you will hurt by boycotting them is the people that have nothing to do with the spill. A BP boycott is an exercise in futility.People are angry and they want to lash out but a boycott won't hurt BP.

The owners of BP gas stations just bought the brand name and are in many cases hard working taxpaying citizens that are basically trying to make a living in a business where profit margins are already thin and rely heavily on the sale of cold drinks, coffee and hot dogs. They too are the victims of BP’s errors and are probably even angrier at BP than you are. Boycotting BP branded service stations to get back at and hurt BP will have about the same impact on BP as if you decided to boycott Dunkin Donuts or McDonalds or CNBC. On second thought, maybe boycotting CNBC might be a good way to express your anger.

You know keeping things like that bottled up like that might not be good for your health. And of course watching the Fox Business Network is a good way to feel better.Back in 2007 BP sold all of its U.S. convenience retail units of its company owned and company operated convenience stores. The majority of sites were sold to franchisees and some to dealers and large distributors (jobbers). While the franchises are required to market BP.....Read the entire article.

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