Elon Musk Calls For ‘Immediate’ Boost In Oil Production To Replace Russian Output
Tesla founder Elon Musk on Friday called for an immediate increase in oil and gas production around the world due to the Russia-Ukraine war’s impact on global trade. Sustainable solutions cannot replace Russian output.
“Hate to say it, but we need to increase oil & gas output immediately,” Musk wrote on Twitter, adding “Extraordinary times demand extraordinary measures.”
Elon Musk said that even though more oil and gas production would negatively affect Tesla, sustainable energy solutions cannot compensate for Russian oil and gas exports immediately.
Hate to say it, but we need to increase oil & gas output immediately.
Extraordinary times demand extraordinary measures.
— Elon Musk (@elonmusk) March 5, 2022
Bloomberg News reported earlier in the day that the Biden administration is considering banning the import of Russian crude oil to the United States. US Senator Joe Manchin even proposed a bill to prohibit the import of Russian crude oil, petroleum, petroleum products, LNG, and coal.
Us mulling to ban crude oil import from Russia
While President Biden, in his State of the Union Address on Wednesday, pledged to make US energy reserves available for export as the EU works to reduce its reliance on Russian energy, particularly by building LNG terminals and negotiating with alternative suppliers, including Norway.
Russian forces attacked Ukraine on February 24, in an attempt to “demilitarize and denazify” it. Meanwhile, Russia’s Defense Ministry has reiterated that no strikes are being launched against civilians; only military infrastructure is being targeted. Russia’s stance, however, is contradicted by visuals accessed by Republic Media Network on the ground. The West imposed several sanctions against Russia after the attack.