From Bloomberg:
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.”
Musk made his comments as Europe is grappling with its worst energy
crisis in decades, with Russia lowering natural gas deliveries to the region and nuclear power-plant outages in France further sapping supply. Wholesale energy prices have soared to records in the past months.
Europe's politicians have already earmarked about 280 billion euros ($278 billion) to ease the pain of surging costs for businesses and consumers, but the aid risks being dwarfed by the scale of the crisis. The European Union will call an emergency meeting of energy ministers to discuss bloc-wide solutions.
Musk said the transition to a sustainable economy should be “as fast as possible,” adding that ocean wind has “massive
untapped potential” and that he's also a proponent of nuclear energy.
“If you have a well-designed nuclear plant, you should not shut it down - especially right now,” Musk said.
While countries including France, Spain and Sweden support nuclear energy, Germany Europe's biggest economy plans to shutter its three remaining atomic power stations by the end of the year. While the country's ruling coalition has come