This weekend came with a new twist as Elon Musk — the tech billionaire who made his money by selling sustainable and green energy ideas — publicly called for increased oil and gas production.
Mr Musk is somewhat notorious for his online presence. He is famous for airing his opinions without filters, which has gotten him and his company into trouble. However, his latest call for a more environmentally depreciating energy source is not unrelated to the Russia-Ukraine crisis.
Sources point out that despite many country’s dependence on the infrastructure, they haven’t stayed their hands from further pressuring Russia. But as more sanctions are piled on Putin, the fear of Russia shutting its pipelines in retaliation increases.
Already, there are price surges in Europe where agencies import about 41% of their natural gas through Russia. Although there are allegedly plans for the European Union to be independent of the country, will there be enough time?
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This is why Elon Musk is calling for increased oil and gas production. “Hate to say it, but we need to increase oil & gas output immediately. Extraordinary times demand extraordinary measures,” he said in a tweet. Also, while he agrees that it would affect his car company negatively, he knows that even Tesla cannot replace the oil industry at this time.
“Obviously, this would negatively affect Tesla, but sustainable energy solutions simply cannot react instantaneously to make up for Russian oil & gas exports,” he added to the first statement.
This is not the first time that Elon Musk openly recognizes fossil-generated energy’s importance. During a podcast, he had agreed with Joe Rogan that even his space company, SpaceX, launched rockets with oil and gas. “We’re gonna need to burn fossil fuels for a long time,” he had said at the time. “The question is just at what rate do we move to a sustainable energy future?”
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