• Latest
  • Trending
  • All
  • News
  • Lifestyle
‘Civilization will crumble’ if the world doesn’t continue using oil and gas, Elon Musk, co-founder and CEO of electric car giant Tesla, says thumbnail

‘Civilization will crumble’ if the world doesn’t continue using oil and gas, Elon Musk, co-founder and CEO of electric car giant Tesla, says

August 30, 2022
Which AFC newcomer has the best chance of breaking the Bills and Chiefs' dominance? thumbnail

Which AFC newcomer has the best chance of breaking the Bills and Chiefs’ dominance?

November 8, 2025
Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm thumbnail

Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm

November 7, 2025
CBS News Guts Climate Team as New Conservative Management Takes Charge thumbnail

CBS News Guts Climate Team as New Conservative Management Takes Charge

November 5, 2025

Much like a nursing home, penguins at a Boston aquarium can age with dignity

November 4, 2025
‘Intentional’ explosion at Harvard Medical School under investigation thumbnail

‘Intentional’ explosion at Harvard Medical School under investigation

November 3, 2025
The Food Stamp Shutdown Wasn’t a Surprise. It Was the GOP’s Plan thumbnail

The Food Stamp Shutdown Wasn’t a Surprise. It Was the GOP’s Plan

November 3, 2025
Trump appears to suggest the U.S. will resume testing nuclear weapons for first time in 30 years thumbnail

Trump appears to suggest the U.S. will resume testing nuclear weapons for first time in 30 years

November 1, 2025
New Steelers Safety Kyle Dugger’s Jersey Number Revealed thumbnail

New Steelers Safety Kyle Dugger’s Jersey Number Revealed

October 30, 2025
Millions Face Soaring Health Insurance Premiums as GOP Refuses to Extend Obamacare Subsidies thumbnail

Millions Face Soaring Health Insurance Premiums as GOP Refuses to Extend Obamacare Subsidies

October 30, 2025
Kyle Busch sues insurance firm over $8.5M alleged retirement scheme thumbnail

Kyle Busch sues insurance firm over $8.5M alleged retirement scheme

October 30, 2025
Crane Collapse Kills 2 Workers in Massachusetts thumbnail

Crane Collapse Kills 2 Workers in Massachusetts

October 29, 2025
When Could SNAP Benefits Expire? What To Know As Government Shutdown Threatens Food Stamps Program thumbnail

When Could SNAP Benefits Expire? What To Know As Government Shutdown Threatens Food Stamps Program

October 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Saturday, November 8, 2025
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home Business

‘Civilization will crumble’ if the world doesn’t continue using oil and gas, Elon Musk, co-founder and CEO of electric car giant Tesla, says

FREE Cape Cod News by FREE Cape Cod News
August 30, 2022
in Business, News
Reading Time: 2 mins read
Donate
0
‘Civilization will crumble’ if the world doesn’t continue using oil and gas, Elon Musk, co-founder and CEO of electric car giant Tesla, says thumbnail
637
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

Mankind must rely on oil and gas “in the short term” or “civilization will crumble,” Elon Musk told reporters Monday at an energy conference in Norway—a striking statement from the co-founder and CEO of top electric car maker Tesla.

He’s said as much before, noting that an increase in oil and gas output would negatively affect the company, worth nearly $900 billion.

“Hate to say it, but we need to increase oil & gas output immediately,” he wrote on Twitter in March, the month following the war in Ukraine and the sanctions placed upon Russia.

“Extraordinary times demand extraordinary measures,” he added.

Musk’s comments, made at the conference and reported by Reuters, come as Europe’s energy crisis grows. After Russia’s February invasion of Ukraine, the country was hit with sanctions from countries around the world. It retaliated by limiting the availability of its natural gas supply to outside entities, causing costs to spike. Much of Europe depends on the country’s supply.

In July, the European Union agreed to reduce its overall consumption of gas by 15% from August to March, with countries going to extremes to limit use of gas. Some have cut off hot water in public buildings, set air conditioning temperature limitations, and turned off the lights at certain times of the day.

When asked if Norway should continue to drill for oil and gas, Musk said additional exploration is warranted, Reuters reported.

Musk also suggested that offshore wind power—a form of renewable energy that creates electricity through the force of winds at sea—generation in the North Sea, in combination with stationary battery packs, could become a solution for the country.

“It could provide a strong, sustainable energy source in winter,” Musk said, per Reuters.

“One of the biggest challenges the world has ever faced is the transition to sustainable energy and to a sustainable economy,” he added. “That will take some decades to complete.”

However, it’s one he’s partially taken upon himself, as Tesla’s mission is to accelerate the world’s transition to sustainable energy.

The billionaire isn’t new to the renewable energy conversation. And although he said he sees global warming as a major risk to civilization, he argues that a population collapse resulting from low birth rates is a much bigger threat—a stance he reaffirmed last week on Twitter.

Read More

Tags: businesseconomygasoil

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

Which AFC newcomer has the best chance of breaking the Bills and Chiefs' dominance? thumbnail
News

Which AFC newcomer has the best chance of breaking the Bills and Chiefs’ dominance?

by FREE Cape Cod News
November 8, 2025
Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm thumbnail
Cape Cod News

Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm

by FREE Cape Cod News
November 7, 2025
CBS News Guts Climate Team as New Conservative Management Takes Charge thumbnail
News

CBS News Guts Climate Team as New Conservative Management Takes Charge

by FREE Cape Cod News
November 5, 2025
News

Much like a nursing home, penguins at a Boston aquarium can age with dignity

by FREE Cape Cod News
November 4, 2025
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
See the pics: Pelosi hits Italian beach in luxury vacation as husband faces DUI charge thumbnail

See the pics: Pelosi hits Italian beach in luxury vacation as husband faces DUI charge

July 8, 2022
Crane Collapse Kills 2 Workers in Massachusetts thumbnail

Crane Collapse Kills 2 Workers in Massachusetts

October 29, 2025
When Could SNAP Benefits Expire? What To Know As Government Shutdown Threatens Food Stamps Program thumbnail

When Could SNAP Benefits Expire? What To Know As Government Shutdown Threatens Food Stamps Program

October 29, 2025
Which AFC newcomer has the best chance of breaking the Bills and Chiefs' dominance? thumbnail

Which AFC newcomer has the best chance of breaking the Bills and Chiefs’ dominance?

0
Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm thumbnail

Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm

0
CBS News Guts Climate Team as New Conservative Management Takes Charge thumbnail

CBS News Guts Climate Team as New Conservative Management Takes Charge

0
Which AFC newcomer has the best chance of breaking the Bills and Chiefs' dominance? thumbnail

Which AFC newcomer has the best chance of breaking the Bills and Chiefs’ dominance?

November 8, 2025
Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm thumbnail

Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm

November 7, 2025
CBS News Guts Climate Team as New Conservative Management Takes Charge thumbnail

CBS News Guts Climate Team as New Conservative Management Takes Charge

November 5, 2025

FREE Cape Cod News On Twitter

Today’s News

  • Which AFC newcomer has the best chance of breaking the Bills and Chiefs’ dominance? November 8, 2025
  • Judge allows Trump administration to reconsider approval for a Massachusetts offshore wind farm November 7, 2025
  • CBS News Guts Climate Team as New Conservative Management Takes Charge November 5, 2025
  • Much like a nursing home, penguins at a Boston aquarium can age with dignity November 4, 2025
  • ‘Intentional’ explosion at Harvard Medical School under investigation November 3, 2025
FREE Cape Cod News

Copyright © 2024 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • FREE Cape Cod News
  • Cape Cod News
  • News
    • News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2024 Free Cape Cod News