Musk Says World Needs More Oil, Gas, and Nuclear Power

(p. A8) Tesla Inc. TSLA 3.60%▲ boss Elon Musk told European energy leaders that the world needs more oil and natural gas and should continue operating nuclear power plants while investing heavily in renewable energy sources.

“I think we actually need more oil and gas, not less, but simultaneously moving as fast as we can to a sustainable energy economy,” Mr. Musk, Tesla’s chief executive and largest shareholder, told a conference in Stavanger, Norway.

Mr. Musk said work on developing battery-storage technology is key to making the most of investments in wind, solar and geothermal energy. “I’m also pronuclear,” Mr. Musk said.

“We should really keep going with the nuclear plants. I know this may be an unpopular view in some quarters. But I think if you have a well-designed nuclear power plant, you should not shut it down, especially right now,” he said.

For the full story see:

Jenny Strasburg. “Musk Says the World Needs More Oil, Gas.” The Wall Street Journal (Tuesday, Aug. 30, 2022): A8.

(Note: the online version of the story was updated Aug. 29, 2022, and has the title “Elon Musk Says World Needs More Oil and Gas.”)

Leave a Reply

Your email address will not be published.