Elon Musk says ‘extraordinary times’ call for US to increase oil and gas production
Elon Musk said the United States must immediately increase oil and gas production to reduce dependence on Russian supplies. Despite the negative effect the move would have on Tesla, Musk says sustainable energy “cannot respond instantly to offset Russian oil and gas exports.”
Since Russia’s invasion of Ukraine, many industries have shut down or suspended operations that would benefit Vladimir Putin and his country’s economy. However, President Biden and the White House have been criticized for not focusing on US energy production in response to the invasion. A report of FoxNews says the US is buying 650,000 barrels of oil a day from Russia, funding Russia and Putin as the conflict in Ukraine continues.
the United States Energy Information Administration says that Russia is the third largest oil producer in the world, behind the United States and China. Russia holds 11% of the global market, the agency said.
With the United States continuing to depend on Russian oil, Tesla CEO Elon Musk said domestic oil and gas production needed to be increased. “Extraordinary times call for extraordinary measures,” Musk said.
Obviously, this would negatively affect Tesla, but sustainable energy solutions simply cannot respond instantly to offset Russian oil and gas exports.
— Elon Musk (@elonmusk) March 5, 2022
Despite the negative effect the raise would have on Tesla, Musk’s auto and energy company, the CEO was realistic about America’s near-term needs. “Obviously this would negatively affect Tesla, but sustainable energy solutions cannot respond instantly to offset Russian oil and gas exports.”
Musk’s Tweet drew a huge amount of attention, including a response from Lauren Boebert, a Republican congresswoman, who suggested that the US strategy of continuing to buy oil from Russia effectively funded the war.
America is funding Russia’s war by buying Russian oil and gas rather than producing ours.
— Lauren Boebert (@laurenboebert) March 5, 2022
Musk has consistently spoken out in favor of Ukraine. Earlier this week, Musk sent SpaceX Starlink internet satellites to Ukraine, a delivery confirmed by Deputy Prime Minister Mykhailo Fedorov.
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