Boycott BP & Esso

We are hitting £106.9 a litre in some areas now, soon we will be faced with paying £1.10 a ltr.   Philip Hollsworth offered this good idea:

This makes MUCH MORE SENSE than the ‘don’t buy petrol on a certain day campaign that was going around last April or May! The oil companies just laughed at that because they knew we wouldn’t continue to hurt ourselves by refusing to buy petrol. It was more of >an inconvenience to us than it was a problem for them. BUT,whoever thought of this idea, has come up with a plan that can really work.

Please read it and join in!

Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a litre is CHEAP, we need to take a ggressive action to teach them that BUYERS control the market place not sellers. With the price of petrol going up more each day, we consumers need to take action. The only way we are going to see the price of petrol come down is if we hit someone in the pocket by not purchasing their Petrol! And we can do that WITHOUT hurting ourselves. Here’s the idea:

For the rest of this year DON’T purchase ANY petrol from the two biggest oil companies (which now are one), ESSO and BP.

If they are not selling any petrol, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit. But to have an impact we need to reach literally millions of Esso and BP petrol buyers. It’s really simple to do!!

PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES TO THE 69p a LITRE RANGE

It’s easy to make this happen. Just forward this email, and buy your petrol at Shell, Asda,Tesco, Sainsburys, Morrisons Jet etc. i.e. boycott BP and Esso!

What a load of bollocks.

1) Firstly, Esso & BP aren’t the same company to start with. Esso is owned by Exxon Mobil Corp. listed on the NYSE while BP plc is listed on the LSE.

2) From your £1/litre, 50.35p goes to the government in excise duty and a further 14.89p is VAT. To sell at 69p/litre the oil companies would require the garage to have a cost price of less than 10p/litre. The open-market price of crude oil is currently around 24p/litre, add the cost of refining and distributing the fuel and a small amount of profit for the service station operators and there’s very little room for any price reductions.

3) Esso & BP service stations don’t necessarily sell fuel from Esso & BP refineries – it’s as likely to have been bought on the open market or by long term contract and shifted around the world in ships and shifted around the country in tankers and by underground pipes. The diesel in the BP truck you see delivering to the local service station is as likely to have started out in a Shell refinery as in a BP refinery.

4) There’s an overall shortage of diesel production in Europe (that’s why diesel prices have been higher than unleaded for the last few years) – any surplus would be quickly bought up on the open market. In the unlikely event that a boycott had any effect on the retail chain the same fuel would just end up in the same vehicles but sold through different garages. Esso and BP would continue to make their profits, as they do now, from extraction and refining.

The only way that fuel’s ever going to become much cheaper is if the Government (whichever party) cut their take of excise duty and VAT. If they did that they’d still have to raise the revenue from somewhere, so some other tax would have to go up.

I’m all for high fuel prices: they help keep the rabble off the roads and they discourage businesses from using their own transport for deliveries.

 

Posted under Protests & Strikes

Posted by Alec at 6:24 pm, October 26, 2007

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