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Elon Musk Says World Needs More Oil and Gas as Bridge to Renewables

  • Tesla CEO comments on overhaul of global energy supply
  • Europe is dealing with its worst supply crisis in decades
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The world needs more oil and gas now to deal with an energy shortage while pushing to transition to renewable supplies, Tesla Inc. Chief Executive Officer Elon Musk said.

“At this time, we actually need more oil and gas, not less,” Musk said Monday during an energy conference in Norway, adding that he’s not someone to “demonize” the fossil fuels. At the same time, “we must have a clear path to a sustainable energy future.”