Musk Calls for 'Immediate' Boost in Oil and Gas Production to Replace Russian Output

© AP Photo / Matt RourkeElon Musk walks from the the justice center in Wilmington, Del., Monday, July 12, 2021. Musk took to a witness stand Monday to defend his company's 2016 acquisition of a troubled company called SolarCity against a shareholder lawsuit that claims he's to blame for a deal that was rife with conflicts of interest and never delivered the profits he had promised.
Elon Musk walks from the the justice center in Wilmington, Del., Monday, July 12, 2021. Musk took to a witness stand Monday to defend his company's 2016 acquisition of a troubled company called SolarCity against a shareholder lawsuit that claims he's to blame for a deal that was rife with conflicts of interest and never delivered the profits he had promised.  - Sputnik International, 1920, 05.03.2022
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WASHINGTON (Sputnik) - Tesla Founder Elon Musk called for an immediate increase in oil and gas production around the world because sustainable solutions cannot replace Russian output.
"Hate to say it, but we need to increase oil & gas output immediately," Musk wrote on Twitter on Friday. "Extraordinary times demand extraordinary measures."
Musk added that although increasing oil and gas production would affect Tesla negatively, sustainable energy solutions cannot react instantaneously to make up for Russian oil and gas exports.
Earlier in the day, Bloomberg News reported that the Biden administration is considering imposing a ban on imports of Russian crude oil to the United States.
US Senators Joe Manchin proposed a bill that would prohibit the import of Russian crude oil, petroleum, petroleum products, liquefied natural gas (LNG) and coal. Meanwhile, US President Joe Biden, in his State of the Union Address on Wednesday, pledged to enable exports of energy from US reserves with the EU working on to curb energy dependence on Russia, in particular by building LNG terminals and negotiating with alternative suppliers, including Norway.
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