elon musk says world needs more oil and gas as a bridge to renewables

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 (US$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 under pressure to prolong their operating life because of the current crisis, Economy Minister Robert Habeck reiterated his view that nuclear power is not reliable in an interview with Bloomberg.

Norway’s overhaul

Norway, the host of the ONS energy conference where Musk spoke, is in the midst of a transition itself. The country, which gets most of its electricity from hydropower, has been an early adopter of electric cars thanks to generous government incentives, and plans to sell only emissions-free vehicles by mid-decade. At the same time, it got rich on oil and uses a $1.2 trillion sovereign wealth fund to cover budget spending shortfalls.

The shift to relying on electricity for transport requires more battery materials including iron and lithium, with constraints coming from their processing to highly purified forms, Musk said. That industry needs to expand massively so enough cells can be made to replace the energy provided by fossil fuels, he added.

Tesla makes products including electric cars, solar roofs and batteries that contribute to decarbonizing the transport and energy sectors.

The EV maker’s aim “has always been to accelerate sustainability,” Musk said. “That’s still our primary goal by far.”

MOTOR'S NEWS RELATED

Join Road & Track and Car and Driver on Our Annual Car of the Year Tests

Check out today's coolest new cars alongside editors at Performance Car of the Year, Lightning Lap, and 10Best Awards.

View more: Join Road & Track and Car and Driver on Our Annual Car of the Year Tests

Satisfying Subaru SUVs That People Love Driving and Owning

Satisfying Subaru SUVs that people love driving include the 2022 Crosstrek The 2022 Forester is another Satisfying Subaru SUV that people love Don’t overlook the 2022 Outback for a stress-free driving experience Subaru makes a reliable and safe sport utility vehicle, but that’s not all. These Satisfying Subaru SUVs ...

View more: Satisfying Subaru SUVs That People Love Driving and Owning

Holiday Rambler Eclipse RV Debuts With Theater Seats, Drop-Down Loft

It’s available with three different floor plans.

View more: Holiday Rambler Eclipse RV Debuts With Theater Seats, Drop-Down Loft

Genesis prices 2023 G80 electric car at $81,000, expands EVs to more states

Genesis on Thursday expanded the breadth and availability of its electric car lineup on its path to becoming a fully electric automaker by 2030. The luxury brand’s newest car, the 2023 Electrified Genesis G80, will cost $80,920 (including a $1,095 destination fee) when it goes on sale in September. The ...

View more: Genesis prices 2023 G80 electric car at $81,000, expands EVs to more states

This C5 Corvette Turned Off-Roader Could be Yours For Small Bucks

Photo: Caleb Hodshire/Facebook Fans of the Chevrolet Corvette and off-road vehicles now have a golden opportunity to combine their two passions for a small amount of money. A tuning enthusiast in Illinois, who specializes in Corvette conversions, is selling on Marketplace a fifth-generation (C5) 1999 Corvette built to venture ...

View more: This C5 Corvette Turned Off-Roader Could be Yours For Small Bucks

Audi heads to F1, 2025 Cadillac Celestiq, 2023 Electrified Genesis G80: Today's Car News

Audi confirmed it will enter F1 for the 2026 season. The automaker will team with a thus far unknown chassis partner to provide power units that will be built in Germany and run on synthetic fuel. Alfa Rome announced it will split with Sauber, and all points sign to Audi ...

View more: Audi heads to F1, 2025 Cadillac Celestiq, 2023 Electrified Genesis G80: Today's Car News

Genesis expands GV60, an electric SUV, availability to four more US states

Where is the Genesis GV60 available to buy Electrek’s Take Now might be your chance if you’ve been waiting to buy the Genesis GV60 EV SUV. The Korean luxury automaker announced Tuesday that its flagship electric SUV, the GV60, will be available in four more US states starting in ...

View more: Genesis expands GV60, an electric SUV, availability to four more US states

Our Long-Term 2022 Cadillac CT5-V Blackwing Is off to an Unforgettable Start

With our 668-hp, six-speed-manual sports sedan, the highs are high, and the lows are low.

View more: Our Long-Term 2022 Cadillac CT5-V Blackwing Is off to an Unforgettable Start

Dodge goes electric in style | Autoblog Podcast #744

Tested: Best Car Vacuums for 2022

China: Power to the people or to the carmakers?

Tesla premium connectivity through Starlink V2 confirmed

2022 Ford F-150 Lightning strapped to dyno despite challenges

1983 DeLorean DMC-12 with 5,397 miles for sale

Numbers of Koenigsegg CC850s increase to 70 due to high demand

Tech Deep Dive: What Makes the New Porsche GT3 RS the Most Extreme 911 Ever

4 Terrible 2022 Subcompact SUVs That Consumer Reports Predicts Owners Will Hate

Xiaomi in talks with BAIC to produce electric cars, says Bloomberg

Audi Has Decided to Enter Formula 1 in 2026 After Much Speculation

North Dakota Swing Ahead For WoO: What To Watch For

OTHER MOTO NEWS