Elon Musk says world needs more oil and gas for one key reason

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Elon Musk says world needs more oil and gas for one key reason
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The world needs more oil and gas to deal with the energy shortages it is currently facing, Tesla CEO Elon Musk said at an energy conference in Norway on Monday. Find out more information at engineering

The world needs more oil and gas to deal with the energy shortages it is currently facing, Tesla CEO Elon Musk said at an energy conference in Norway on Monday,The comment might seem strange coming from a person who sells electric vehicles, battery packs, and solar roofing products. However, this isn't the first time Elon Musk has made such a comment.

However, as Musk's wide fan following will agree, Elon is a pragmatic man, and his comments need to be taken in the context they have been made. At the onset of conflict in Ukraine, Musk realized the wielding power oil and gas exports gave Russia, and his comments were aimed at countering this effect.

Amidst soaring energy prices, European officials have set aside 280 billion euros in funds to ease the financial pain of businesses and individuals this year. However, given the scale of the problem, the funds are likely to fall short,At the event on Monday, Musk said that he wasn't someone who would demonize fossil fuels, and at this point, the world needed more oil and gas, not less.

in a planned fashion. As of now, the country plans to shut down its three remaining nuclear power plants by the end of the year, which will add to the existing energy shortage that has been caused by the throttling of oil and gas supplies by Russia and outages at nuclear power plants in France.

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