Oil, gas industry reacts to support from Elon Musk

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Local Austines are expressing their concerns with the rise in gas prices. Even Tesla owner Elon Musk said there is a need to increase gas and oil output immediately.

Meanwhile, thousands of people driving gas-powered vehicles were feeling the pinch at the pump. With prices at almost $4 gallon across the"It’s outrageous, but we have to pay it, we need to get around. We got to do what we got to do," said Johnson and her friend Shemeka Davis.

Musk went on to say he expects his electric car business to take a hit. He noted sustainable energy solutions cannot instantly make up losing Russian oil and gas "I don't want to discount the fact that we really do believe and all of the above energy approach is a smart policy approach. But the market needs to be recognized as playing an important role, and we need to make certain that the platform is available for all energy sources to compete equally. And that's not what has occurred in America," said Staples.Lawmakers are considering a ban on Russian oil and gas as prices for gas in the U.S. continue to go up.

 

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