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Saudi Arabia threatened to sell off European debt if G-7 seized Russian assets: Report
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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.