The world must continue to extract oil and gas in order to sustain civilization, while also developing sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference in Norway on Aug. 29.
“Realistically I think we need to use oil and gas in the short term, because otherwise civilization will crumble,” Musk said on the sidelines of an energy conference in the southern city of Stavanger.
Asked if Norway should continue to drill for oil and gas, Musk said: “I think some additional exploration is warranted at this time.”
“One of the biggest challenges the world has ever faced is the transition to sustainable energy and to a sustainable economy,” he said. “That will take some decades to complete.”
He said offshore wind power generation in the North Sea, combined with stationary battery packs, could become a key source of energy. “It could provide a strong, sustainable energy source in winter,” he said.
He also voiced concerns over birth rates, echoing remarks he made in a Twitter post late last week on the risks of “population collapse.”
“One of my less obvious things to be concerned about is the birth rate, and I think it’s important that people have enough babies to support civilization so that we don’t dwindle away,” Musk said.
Recommended Reading
The OGInterview: Petrie Partners a Big Deal Among Investment Banks
2024-02-01 - In this OGInterview, Hart Energy's Chris Mathews sat down with Petrie Partners—perhaps not the biggest or flashiest investment bank around, but after over two decades, the firm has been around the block more than most.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.