Russia-Ukraine War: Elon Musk advises for an immediate increase in the production of oil and gas around the world; check his tweet

Petroleum Production: Tesla founder Elon Musk called for an immediate increase in the production of oil and gas around the world. Musk said that sustainable energy cannot replace Russia's oil supply.

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Musk said on Twitter, "Hate to say this, but we need to increase oil and gas production immediately."  Musk further said that extraordinary times demand extraordinary measures.

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

Extraordinary times demand extraordinary measures.

— Elon Musk (@elonmusk) March 5, 2022

No substitute for Russian crude
Musk further added that Tesla will suffer if the world increases oil and gas production in the midst of the Russo-Ukraine war, but that sustainable energy may not prove to be an immediate alternative to Russian oil and gas exports.

The idea of ​​a ban on Russian oil
A day ago there was news that America is considering imposing sanctions on the import of Russian crude oil. US Senator Joe Manchin has proposed a bill that would ban imports of Russian crude oil, petroleum, petroleum products, liquefied natural gal and coal.

Why is Russian oil necessary?
Around 10 percent of the share of Russia in the global market comes from Russia alone. Russia is the second largest oil producing country in the world. Russia produces 10 million barrels a day, of which it supplies 50 percent to other countries. Russia gives 50 percent of this supply only to Europe. Due to which the concern of Europe has also increased. This is the reason that despite all the sanctions, Europe is not taking any direct decision on oil directly.