Elon Musk says the world still needs oil and gas

Elon Musk says the world still needs oil and gas

29 Aug    Finance News

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STAVANGER — The world must continue to extract oil and gas in order to sustain civilisation, while continuing to also develop sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference in Norway on Monday.

“Realistically I think we need to use oil and gas in the short-term, because otherwise civilisation will crumble,” Musk said.

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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 … that will take some decades to complete.” (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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