Elon Musk, head of world’s largest EV company, now says we need more oil and gas

[ad_1]

Elon Musk — the man whose Tesla and Tesla Solar have basically devoted their existence to competing with gas-guzzling cars, oil, and coal, and which briefly reached a market cap of $1 trillion and delivered nearly 1 million EVs last year — is now publicly in favor of increasing oil and gas production.

He tweeted late Friday:

Hate to say it, but we need to increase oil & gas output immediately.

Extraordinary times demand extraordinary measures.

“Obviously, this would negatively affect Tesla, but sustainable energy solutions simply cannot react instantaneously to make up for Russian oil & gas exports,” he added in a followup tweet nine minutes later. He’s likely referring to the world’s notable dependence on Russian pipelines — a dependence which hasn’t stopped many governments from sanctioning Russia following its invasion of Ukraine, but has sparked fears over surging energy prices, particularly in Europe.

It is always hard to tell if Musk is just riffing, trolling, or actually putting plans into action when he posts things to Twitter, but there’s no denying he’s incredibly influential and many of his 76 million followers take him seriously even when joking.

It’s not like oil and gas aren’t important for Musk’s plans as well. We reported last year on how his SpaceX wanted 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 on a podcast last year. “We’re gonna need to burn fossil fuels for a long time. The question is just at what rate do we move to a sustainable energy future?”



[ad_2]

Source link

Related articles

Xbox Series X consoles are available for Best Buy’s Totaltech members

The Xbox Series X is sometimes a little easier to buy than Sony’s PlayStation 5, but that doesn’t mean it’s a simple endeavor. The good news is that Best Buy has...

Our Flag Means Death creator David Jenkins fancies a fine narrative fabric

For many people, Our Flag Means Death was an unexpected history lesson about the adventures of Stede Bonnet, the real 18th-century pirate who loved the high seas almost as much as...

How to change your default browser in Windows 11

If you’ve updated your PC from Windows 10 to Windows 11, you may have noticed that when you click on a link for a website, a PDF document, or a variety...

Fortnite’s Zero Build mode is bringing people back to the game

Fortnite’s latest season kicked off a big shakeup: developer Epic Games removed building, perhaps the game’s most iconic feature, from the core battle royale modes. It was a risky move that...

What Elon Musk’s Twitter ‘free speech’ promises miss

Thursday morning, Elon Musk offered to buy Twitter to save free speech. “I invested in Twitter as I believe in its potential to be the platform for free speech around the...

Latest articles