Tesla may be the world’s leading seller of plug-in electric vehicles, but CEO Elon Musk wants the U.S. oil and gas industry to boost production.
“I hate to say it, but we need to increase oil and gas production immediately,” the billionaire tweeted on Friday. “Emergencies require extraordinary action.”
Mr Musk added: “Obviously this will have a negative impact Teslabut sustainable energy solutions simply cannot respond immediately to offset Russian oil and gas exports. ”
He joined growing calls to stop buying Russian fossil fuels and release domestic producers in response to Russian President Vladimir Putin’s invasion of Ukraine.
The United States and Europe have imposed financial and economic sanctions against Moscow, but specifically avoided imposing an energy embargo on Russia, a major supplier of oil and gas to the West, for fears of rising fuel prices.
Among those who responded to Mr Musk’s tweet was MP Lauren Bobert, a Colorado Republican who said: “America is financing Russia’s war by buying Russian oil and gas, not extracting its own.”
Russia brings in about $ 500 million a day from exports of crude oil, natural gas and petroleum products, which accounts for about half of the country’s revenue.
Imports of Russian crude oil and petroleum products to the U.S. reached a record high last year, averaging about 700,000 barrels a day, prompting bipartisan pressure to pass legislation banning fossil fuel products from Russia.
The richest man in the world, Mr. Musk, also tweeted his support for Ukraine and “has sympathy for the great people of Russia who do not want this.”
Tesla set a record last year, delivering 936,172 electric vehicles worldwide, nearly double the 499,550 cars the company produced in 2020.
I hate to say it, but we need to increase oil and gas production immediately.
Extraordinary times require extraordinary measures.
– Elon Musk (@elonmusk) March 5, 2022