- The world’s richest man and Tesla Inc. (NASDAQ: TSLA) founder Elon Musk has acknowledged that the world still needs oil and gas amid the ongoing global energy transition.
- That number is expected to go up exponentially.
- Indeed, BNEF has forecast that electric and fuel cell vehicles will displace 21 million barrels per day in oil demand by 2050.
Musk Goes Viral With Oil & Gas Tweet

