Energy In Depth has previously highlighted a host of policymakers, think tanks and industry leaders calling for the Biden administration to support increased U.S. oil and natural gas production. The latest to weigh in on the topic: None other than Tesla founder and CEO, Elon Musk.
In a tweet, Musk acknowledged that increased production “would negatively affect Tesla, but sustainable energy solutions simply cannot react instantaneously to make up for Russian oil & gas exports.”
Hate to say it, but we need to increase oil & gas output immediately.
Extraordinary times demand extraordinary measures.
— Elon Musk (@elonmusk) March 5, 2022
Musk joins policymakers like Sen. Joe Manchin (D-WV) who recently likened the administration’s policies to limit production to “an effort by some to inflict death by a thousand cuts on the fossil fuels that powered our nation to greatness & continue to keep America & our allies safe & secure.”
.@FERC‘s short-sighted, partisan actions unnecessarily politicize responsible energy development. It’s part of an effort by some to inflict death by a thousand cuts on the fossil fuels that powered our nation to greatness & continue to keep America & our allies safe & secure. pic.twitter.com/vczN7jAYpj
— Senator Joe Manchin (@Sen_JoeManchin) March 3, 2022
As IPAA President and CEO Barry Russell said ahead of President Biden’s recent State of the Union address:
“One of the world’s most powerful tactics against rising energy costs is secure, affordable, reliable American oil and natural gas production. The United States is a global leader in oil and natural gas production, and this should be encouraged. But, recently, federal regulations and policies seem to ignore this opportunity. Just two years ago, and throughout the pandemic, oil prices crashed, even to negative levels. Allegations about price gouging, which have been manufactured for decades, are false and unconstructive. America’s oil and natural gas companies stand ready for more responsible energy production here at home, for our nation and our worldwide allies; but those calls seem to go unanswered. And this creates much uncertainty for companies that need to plan projects that may take a year or more. It won’t be immediate, but now is the time to create solutions that get the nation back on track to energy and national security.” (emphasis added)
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