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Saudi Arabia threatened to sell off European debt if G-7 seized Russian assets: Report
(www.middleeasteye.net)
this post was submitted on 10 Jul 2024
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The Saudis don't have a Navy. About half their reserves and a massive chunk of Iran, Kuwait and the other Gulf State's reserves are in the Gulf. We don't have to set foot on the Peninsula.
Neither does Ukraine. Still decimated the russian navy.
Also to nip this whole "argument" in the bud, and I'm not even going into how terribly colonialistic your proposal is, how many billions of euro would you propose to put into essentially propping up a already dead technology. Fossil fuels have to be eliminated by 2050. Why wage war for something we won't even need in 25 years.
We WANT to increase fossil fuel prices. To hasten the change to renewables, the higher the potential savings the better.
I don't think that fossil fuel usage will be eliminated in 25 years given the opposition to mass nuclear deployment. I think this would ideally be a carrot that dictates green energy buildouts in exchange for subsidized oil.
My dude, but essentially that's whats already happening. No energy is cheaper than renewable energy. Every process we thus electrify and use renewables is not using fossile fuels.
Thus we have less of a need for subsidized oil.
Yes but it's happening with Natural Gas as the baseline power generation method. Which is much better than oil or coal for carbon emissions, but it's not green.