• 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
The first woman to complete the Boston Marathon sculpts her own legacy thumbnail

The first woman to complete the Boston Marathon sculpts her own legacy

April 19, 2026
Tufts student who was held in immigration detention returns to Turkey thumbnail

Tufts student who was held in immigration detention returns to Turkey

April 19, 2026
ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows thumbnail

ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows

April 19, 2026
Federal agency approves concept for Trump’s plan for a Triumphal Arch in Washington, D.C. thumbnail

Federal agency approves concept for Trump’s plan for a Triumphal Arch in Washington, D.C.

April 19, 2026
Netflix co-founder Reed Hastings makes shock exit, sending shares tumbling thumbnail

Netflix co-founder Reed Hastings makes shock exit, sending shares tumbling

April 19, 2026
Who Loses in the Trump Administration’s $1 Billion ‘Deal’ to Abandon Offshore Wind? thumbnail

Who Loses in the Trump Administration’s $1 Billion ‘Deal’ to Abandon Offshore Wind?

April 13, 2026
Over 20,000 crypto fraud victims identified in international crackdown thumbnail

Over 20,000 crypto fraud victims identified in international crackdown

April 13, 2026
Rent a human: The day bots started hiring us thumbnail

Rent a human: The day bots started hiring us

April 13, 2026
What to know about the ‘massive’ military bunker beneath Trump’s ballroom thumbnail

What to know about the ‘massive’ military bunker beneath Trump’s ballroom

April 9, 2026
US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of Hormuz thumbnail

US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of Hormuz

April 9, 2026
Democrats, Marjorie Taylor Greene call for Trump’s removal from office following Iran threat thumbnail

Democrats, Marjorie Taylor Greene call for Trump’s removal from office following Iran threat

April 9, 2026
Can Kennedy lineage and hype over ‘Love Story’ help send JFK’s grandson to Congress? thumbnail

Can Kennedy lineage and hype over ‘Love Story’ help send JFK’s grandson to Congress?

April 6, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Wednesday, April 22, 2026
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
639
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

The first woman to complete the Boston Marathon sculpts her own legacy thumbnail
News

The first woman to complete the Boston Marathon sculpts her own legacy

by FREE Cape Cod News
April 19, 2026
Tufts student who was held in immigration detention returns to Turkey thumbnail
News

Tufts student who was held in immigration detention returns to Turkey

by FREE Cape Cod News
April 19, 2026
ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows thumbnail
News

ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows

by FREE Cape Cod News
April 19, 2026
Federal agency approves concept for Trump’s plan for a Triumphal Arch in Washington, D.C. thumbnail
News

Federal agency approves concept for Trump’s plan for a Triumphal Arch in Washington, D.C.

by FREE Cape Cod News
April 19, 2026
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
CG 36500 Coast Guard Life Boat

CG 36500: A Symbol of Resilience and Heroism at Rock Harbor in Orleans

June 7, 2023
Netflix co-founder Reed Hastings makes shock exit, sending shares tumbling thumbnail

Netflix co-founder Reed Hastings makes shock exit, sending shares tumbling

April 19, 2026
Can Kennedy lineage and hype over ‘Love Story’ help send JFK’s grandson to Congress? thumbnail

Can Kennedy lineage and hype over ‘Love Story’ help send JFK’s grandson to Congress?

April 6, 2026
Tufts student who was held in immigration detention returns to Turkey thumbnail

Tufts student who was held in immigration detention returns to Turkey

0
ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows thumbnail

ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows

0
The first woman to complete the Boston Marathon sculpts her own legacy thumbnail

The first woman to complete the Boston Marathon sculpts her own legacy

0
The first woman to complete the Boston Marathon sculpts her own legacy thumbnail

The first woman to complete the Boston Marathon sculpts her own legacy

April 19, 2026
Tufts student who was held in immigration detention returns to Turkey thumbnail

Tufts student who was held in immigration detention returns to Turkey

April 19, 2026
ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows thumbnail

ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows

April 19, 2026

FREE Cape Cod News On Twitter

Today’s News

  • The first woman to complete the Boston Marathon sculpts her own legacy April 19, 2026
  • Tufts student who was held in immigration detention returns to Turkey April 19, 2026
  • ICE’s hiring spree led to influx of recruits with questionable qualifications, investigation shows April 19, 2026
  • Federal agency approves concept for Trump’s plan for a Triumphal Arch in Washington, D.C. April 19, 2026
  • Netflix co-founder Reed Hastings makes shock exit, sending shares tumbling April 19, 2026
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