In a surprising statement from ROME, Elon Musk, the brainpower behind the electric car manufacturing giant, Tesla (TSLA), has declared that oil and gas should not face demonization in the medium-term. The spearhead of one of the key companies pushing for the adoption of cleaner and renewable energy, Musk, against the generic industry sentiment, outlined his perspective regarding the ongoing crucial role of conventional energy resources like oil and gas.
1. Elon Musk, the founder of electric car manufacturing company Tesla, has stated that oil and gas should not be demonized in the medium-term.
2. Musk, who champions renewable energy sources, has taken a stance against the industry sentiment to abandon traditional energy methods.
3. While speaking at a conference in Rome, Musk emphasised the crucial role of oil and gas in meeting the world's energy needs.
4. Even though Musk's Tesla is at the forefront of the electric vehicle industry, he asserted the continued importance of fossil fuels during the transition to more sustainable energy technologies.
5. Musk suggested that oil and gas should still play a substantial role in the global energy composition in the foreseeable future.
According to Statista, as of 2020, oil and gas accounted for about 60% of the global primary energy consumption.
O), has argued. Speaking at a conference in Rome, Musk expressed his belief that oil and gas are crucial to the world's energy needs. Contrary to what one might expect from the icon of electric vehicle production, Musk emphasized the ongoing necessity of these fossil fuels whilst sustainable energy technology is still in development. He suggested that, for the foreseeable future, oil and gas should continue to play a substantial role in the global energy mix.