Can consumers reduce the revenues flowing to a certain country or countries by boycotting companies that have a history of importing from those countries?
Due to the global nature of the oil market, boycotts by individual consumers or even individual countries cannot reduce the oil revenues of a given oil producing country/countries. At best, consumer boycotts of a company known to import crude oil would result in a temporary reduction in the market share of that particular company. Because the overall consumer demand for products made from oil (like gasoline and diesel fuel) would be unchanged, the oil would simply be purchased by some other company. Similar market shifts would occur if an entire country or countries refused to buy oil from a certain country/region, or were legally prevented from doing so. The boycotting countries would take additional imports from different countries, and those countries would purchase additional supplies from the boycotted country/region. Due to the nature of the world oil market, it is impossible to impact the oil revenues flowing to a given country or region with anything short of a sanctions regime
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