Elon Musk — the man whose Tesla and Tesla Solar have essentially devoted their existence to competing with gas-guzzling cars, oil and coal, and who briefly hit a $1 trillion market cap and delivered nearly 1 million EVs last year — is now public in favor of increasing oil and gas production.
I hate to say it, but we need to increase oil and gas production immediately.
Extraordinary times call for extraordinary measures.
Obviously, this would have a negative effect on Tesla, but renewable energy solutions simply cannot react immediately to make up for Russian oil and gas exports.— Elon Musk (@elonmusk) March 5, 2022
“Obviously this would have a negative effect on Tesla, but renewable energy solutions simply cannot respond immediately to offset Russia’s oil and gas exports,” he added. a follow-up tweet nine minutes later. He is likely referring to the world’s remarkable reliance on Russian pipelines — a reliance that hasn’t stopped many governments from imposing sanctions on Russia after the invasion of Ukraine, but has sparked fears over rising energy prices, especially in Europe.
It is all the time It’s hard to tell if Musk is just messing around, trolling or planning when he posts things on Twitter, but there’s no denying that he is incredibly influential and many of his 76 million followers take him seriously, even if he’s kidding.
It’s not that oil and gas aren’t important to Musk’s plans either. Last year we reported how its SpaceX planned to drill for natural gas on land near its Starship facilities in Texas. Electricity doesn’t get Musk’s rockets off the ground.
“I’m not in favor of demonizing the oil and gas industry,” Musk told Joe Rogan in a podcast last year. ‘We will have to burn fossil fuels for a long time to come. The only question is at what pace are we moving towards a sustainable energy future?”