Elon Musk has had some great moments recently, espousing anti-woke and conservative viewpoints.
He attempted to buy Twitter to make it a truly “free speech” platform, combatted the fertility crisis in Western nations, and even said he could no longer vote Democrat in a public statement Musk made on his Twitter account.
Elon tweeted, “In the past I voted Democrat, because they were (mostly) the kindness party. But they have become the party of division & hate, so I can no longer support them and will vote Republican. Now, watch their dirty tricks campaign against me unfold…”
In the past I voted Democrat, because they were (mostly) the kindness party.— Elon Musk (@elonmusk) May 18, 2022
But they have become the party of division & hate, so I can no longer support them and will vote Republican.
Now, watch their dirty tricks campaign against me unfold … 🍿
Now Elon Musk has come out and addressed the endless pursuit of “green energy” and the simultaneous vilification of the oil and gas industry.
Earlier today, Elon spoke to reporters in Norway ahead of the Offshore Northern Shore (ONS) conference.
Elon Musk told reporters that sustainable energy should be developed for the distant future, however, the world still needs to extract oil and gas in the present in order to sustain civilization’s current energy demands.
When prompted on whether he believes oil and gas should continue to be used he stated, “Realistically, we do need to use oil and gas in the short term because otherwise civilization will crumble…In order for civilization to continue to function, we do need oil and gas, any reasonable person would conclude that.”
The regulatory environment and social attitudes in America are having a disastrous effect on the domestic oil and gas industry’s ability to meet these needs.
Joe Biden’s policies have been radically anti-fossil fuel and have aimed to hasten the transition to green energy at an unsustainable pace that is costing Americans.
The Heritage Foundation described how the Biden administration has inserted artificial constraints to the supply of oil in the United States as demand sky rockets from the easing of pandemic restrictions.
Furthermore, the Environmental Social Governance (ESG) movement has penetrated various banks and investment funds, meaning these institution are unwilling to provide capital to oil and gas producers.
Over 100 banks, that represent 38% of global banking assets, signed a commitment to stop lending to oil and gas companies altogether by 2050.
Alongside this, many investment fund managers have started to embrace ESG principles when deciding where to allocate their investments, so in other words, they will not invest any money in companies that produce fossil fuels.
This is placing a constraint on available capital for oil and gas producing companies cannot secure the necessary to funds to increase production.
Anthony Gallegos, CEO of Independence Contract Drilling said, “Our industry is being starved for capital.”
Elon Musk is stating the obvious, renewable energy sources cannot provide enough energy to meet our demands in the short term.
Our energy infrastructure is mostly reliant on fossil fuels and the transition that liberals are trying to force upon us will be rough and unsustainable.
This will likely manifest in energy prices remaining elevated, for example, the price of gas is forecasted to continue increasing throughout the distant future.
But don’t worry, Democrats have a solution. Just go buy a $70k electric vehicle and spend thousands of dollars installing solar panels on your house.