Elon Musk Pushes Energy Policy For U.S. That Would ‘Negatively Affect’ His Own Company: ‘Extraordinary Times Demand Extraordinary Measures’ | Beaufort County Now | Billionaire entrepreneur Elon Musk said late on Friday that he supports increasing domestic oil and gas drilling to offset energy problems that the U.S. is facing due to policies from the Biden administration and the war in Europe.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ryan Saavedra.

    Billionaire entrepreneur Elon Musk said late on Friday that he supports increasing domestic oil and gas drilling to offset energy problems that the U.S. is facing due to policies from the Biden administration and the war in Europe.

    "Hate to say it, but we need to increase oil & gas output immediately. Extraordinary times demand extraordinary measures," Musk tweeted. "Obviously, this would negatively affect Tesla, but sustainable energy solutions simply cannot react instantaneously to make up for Russian oil & gas exports."

    Musk's tweet comes as energy prices have been a problem under Democrat President Joe Biden, and there has been widespread support to cut U.S. imports of Russian oil in the wake of Russian President Vladimir Putin's decision to invade Ukraine.

    "A broad bipartisan majority of Americans think the United States should stop buying Russian oil," Reuters reported. "Some 80% of Americans - including solid majorities of Republicans and Democrats - support the measure."

    The Wall Street Journal reported that the U.S. imported approximately 672,000 barrels of oil a day from Russia and that during Biden's first year in office "U.S. imports of Russian crude hit the highest levels in about a decade."

    When asked this week about whether continuing to buy Russian oil was effectively "financing the war" in Europe, White House Press Secretary Jen Psaki tried to downplay it, saying, "it's only about 10 percent of what we're importing."

    "I've not made any announcement about any decision on that front, but our objective here and our focus is making sure that any step we take maximizes the impact on President Putin and minimizes it on the American people," Psaki said. "And anyone who's calling for an end to the carveout should be clear that that would rise - raise prices."

    Russia's second largest oil company, Lukoil, which employs more than 100,000 people and produces a sizeable portion of the world's oil supply, has called for an end to Russia's war in Ukraine.

    The company said in a statement:

    The Board of Directors of LUKOIL expresses herewith its deepest concerns about the tragic events in Ukraine. Calling for the soonest termination of the armed conflict, we express our sincere empathy for all victims, who are affected by this tragedy. We strongly support a lasting ceasefire and a settlement of problems through serious negotiations and diplomacy.

    The company makes every effort to continue its operations in all countries and regions where it is present, committed to its primary mission of a reliable supplier of energy to consumers around the world.

    In its activities, LUKOIL aspires to contribute to peace, international relations and humanitarian ties.


    "Lukoil shares listed in London have lost roughly 99% of their value following the invasion," CNN added. "The oil giant is already facing calls for a boycott in the United States, where there are 230 Lukoil gasoline stations owned by American franchisees."

    The Daily Wire is one of America's fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.
Go Back

HbAD0

Latest Op-Ed & Politics

Have you heard the latest? Uncle Joe is attempting to appropriate billions of dollars to a program designed to mandate that CRT is taught across the nation in OUR public schools.
Saule Omarova, Democrat President Joe Biden’s nominee for comptroller of the currency, has withdrawn her name from consideration for the position after facing increasing opposition to nomination over allegations that she was a Marxist.
The Federal Reserve announced an increase in interest rates Wednesday afternoon, boosting the cost of borrowing money by 0.75%, the largest increase in a single meeting in nearly 30 years.
Clarence Thomas tells us what we need to be working toward
Politicians in Washington are growing increasingly nervous, as the CDC has announced they have discovered the first case of Lizardpox on American shores.
Treasury Secretary Janet Yellen said on Sunday that suspending gas taxes is “certainly worth considering” amid rising energy prices.
Australia reportedly will not send officials to the 2022 Winter Olympics in Beijing, China, in response to the communist nation’s genocide against religious minorities.
To what extent can a selective educational institution advantage certain racial groups in admissions decisions without discriminating against other groups simultaneously?
Treasury Secretary Janet Yellen on Sunday blamed global factors for Americans’ spiraling purchasing power and declared a recession is “not at all inevitable,” despite a growing consensus the U.S. could soon find out one is already underway.

HbAD1

With the price of food skyrocketing and the value of Bitcoin plummeting, McDonald's restaurants across the world have rolled out a new value menu in which all items cost only 1 Bitcoin.
Sen. Ted Cruz (R-TX) slammed President Joe Biden during a speech on the Senate floor Tuesday over the unfolding crisis in Ukraine. Tens of thousands of Russian soldiers have been amassing near its border in what experts warn might be a prelude to an invasion.
The North Carolina State Health Plan and the National Academy for State Health Policy Find that North Carolina's Dominant Hospital Systems Recorded Billions of Dollars in Profits After Taking Taxpayer-Funded COVID Relief
Governor Ron DeSantis (R-FL) got some unexpected praise late this week from media personality Bill Maher, who insisted that DeSantis would be better than former President Donald Trump.
Milestone Air Quality Legislation Paved Way for Significant Environmental and Clean Energy Efforts
White House Press Secretary Jen Psaki took a shot at Rep. Alexandria Ocasio-Cortez (D-NY) during Tuesday’s press briefing over remarks that Ocasio-Cortez made about organized retail theft incidents that have plagued several major Democrat-controlled cities in recent weeks.
The United States of America has edged closer and closer to the Leftist maxim of "Abortion on Demand" whenever it is demanded, by whomever demands it, but now that ease of operation to alleviate oneself of that nagging little problem has come to a screeching halt.

HbAD2

 
Back to Top