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May 26th, 2010
08:00 AM ET

Will boycotting BP have an impact?

(CNN) – It is BP's best hope for sealing the Gulf oil leak, but the oil giant gives the "top kill" procedure a 60-to-70 percent chance of success. Meanwhile, anger is growing along with the spill and American consumers are taking action against BP for polluting the Gulf. Our Allan Chernoff has the report.

Filed under: Business • Gulf Oil Spill
soundoff (7 Responses)
  1. HollyG

    Thanks for pointing out how far and wide BP's products go into our daily lives!! "Boycotting" is an idiotic notion in terms of "sticking it to them." Personally, I wish I had a BP station to patronize. I'd be pumping away!

    May 27, 2010 at 2:04 pm |
  2. Smith in Oregon

    Boycotting the Republican party and Tea potty neo-cons would have a direct impact on political special interests which have brought America's ship into the dieing coral reef up ahead.

    It seems during the horrific Republican administration of Bush-Cheney a more than simply cozy relationship existed between Federal inspectors and regulators and those that awarded Billion dollar leases with Big Oil.

    Investigations found what appears to be rampant corruption, found it again in 2007 and again when a followup investigation was ordered by Democratic administration of Obama-Biden in 2009, go figure!

    Under the Bush-Cheney encouragement and Big Oil Watch, the federal agency officials routinely accepted tickets to sports events, lunches and other gifts from oil and gas companies and even used government computers to view pornography on the taxpayers dime!

    The current Obama ordered Federal Investigator General report follows a 2007 investigation that revealed what then-Inspector General Earl Devaney called a "culture of ethical failure" and conflicts of interest at the minerals agency.

    Interior Secretary Ken Salazar Salazar said several employees cited in the report have resigned, were fired or were referred for prosecution. Actions may be taken against others as warranted, he said. Salazar said he has asked the Inspector General to expand the investigation to look into agency actions since he took office in January 2009.

    Democratic members of Congress and President Barack Obama have both criticized what they call the cozy relationship between Republican party placed regulators and Republican friends and former Republican lawmakers in major oil companies and have vowed to reform MMS, which both regulates the industry and also collects billions in royalties from it.

    In one case, a Republican placed Federal Inspector was inspecting a Big Oil firm AT THE SAME TIME he was interviewing for a future job with THAT SAME BIG OIL COMPANY!!!

    Just when you might think the Republican Party couldn't sink any lower in the toxic morass of their own making, they have a federal taxpayer salaried Federal Inspector that is 'inspecting' a Big Oil company at the same time that same Federal Inspector is being interviewed for a job with that same company! Wow, talking about CORRUPTION!!!

    May 26, 2010 at 5:51 pm |
  3. Bill Atkins

    I have heard some dumb stuff said about this whole affair, such as freezing BP assets – can you imagine what would happen if other countries did the same every time an American company does something wrong. A boycott is even dumber – keep buying their products so they have plenty of cash to pay for everything – if their profits fall they will be looking to pay less, not more. And of course don't forget that your retirment plan, whatever it is, probably has BP as part of the prtfolio – no sense having a little instant (illogical) feel-good and missing out on a comfortable retirement.

    May 26, 2010 at 4:45 pm |
  4. Evan Kelley

    Is the Pope Catholic? Of course a BP boycott will have an impact, clearly we can see the lowest per gallon is $3.19 being regular gasoline, times the 42 million gallons sold per day, stated by Allan Chernoff in the report. This comes to a stagering $140 million in revenue a day. How long do we really think good `ol ~Wayward Hayward is just going to let 140 million dollars "spill" a day from his pocket? Now at day 35, a boycott would hit BP at the tune of over 4 and a half billion dollars and counting...
    As far as BP gas stations being franchised and individually owned, this is only more leverage... as they can threaten and/or switch to another gasoline vendor and join the boycott. Same goes for BP's other products; American business owners are smart and resourcful.
    -While BP remains reserved and does not seek help from the highest levels from around the world, America should only continue to blow a hole in their wallet.
    Let's not act like BP and do what's convenient, we have a choice, and that's the message

    May 26, 2010 at 12:45 pm |
  5. ronvan

    The real question is would EVERYONE boycott BP? Without TOTAL cooperation boycotts are ineffective. Look at our "elected children" IF they ALL agreed or could even cooperate in finding solutions to our problems we would be well on our way to fixing them! The bottom line is that WE THE PEOPLE could accomplish anything if we ALL put our foot down and made an example, no matter what the problem!

    May 26, 2010 at 12:07 pm |
  6. Gail Kirchner

    I have not used BP for a long time and I will not use it in the future. I also feel that since this accident cannot be fixed by anyone other than BP. They should have the technology and the skills for such an event. I can't believe it has taken this long to stop this massive spill. I am not in favor of off shore drilling anyway and this certainly confirms my belief.

    May 26, 2010 at 11:33 am |
  7. gwen clark

    No one is mentioning the fact that if a Hurricane forms in the Gulf of Mexico, the devastation from the oil already in the waters of the Gulf would be blown inward for miles along our coast line. A storm surge such as the one we had with Hurricane Ike would totally disable all roads, homes, businesses and industry here in Southeast Texas and Louisiana. We are a hub for oil refineries,seafood, rice crops and soybean fields. Can you imagine the scope of the damage to millions of homes covered by an oil and sludge-filled volume of water from the Gulf? My city of Orange,Texas was completely under water during Hurricane Ike as were most of our coastal cities such as Galveston and Sabine Pass. Oil slicks blown in from the Gulf would cover all major freeways. Clean up efforts would cost billions and billions of dollars of government funds. Replacement of homes and sheltering thousands of homeless people would require billions of dollars over a long period of time. Could FEMA foot that kind of money. The loss of livestock and crops, tourism, and the seafood industry would decimate the whole Golden Gulf Coast. That would mean people out of work and filing for unemployment and disaster funding. Does anyone remember Katrina? Just imagine Katrina covered in tons of oil, water and debris. Is ANYONE in Washington even listening or even thinking ahead. Major Hurricanes are coming here folks, and they are predicted to be worse and more fierce that prior storms. The season opens in June. Just weeks away. The government needs to prepare for this impending disaster NOW.

    May 26, 2010 at 11:20 am |