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 Plunging oil prices could make world more peaceful, - Washington Post

The global drop in oil prices may contribute to making the world more peaceful and cooperative.

Censor.NET reports referring to The Washington Post.

Read more: Yatseniuk orders probe into possible collusion in oil market

According to recent studies, the oil crisis could have a positive effect on international cooperation.

As noted, with the cost above $77 per barrel, oil-exporting states are significantly more dispute-prone than non-oil countries. Below $33 per barrel, oil-exporting countries are slightly less likely to be involved in militarized disputes than non-exporters.

Read more: World oil prices continue slumping: Brent traded $28.26 per barrel, WTI - $27.68

Moreover, some scholarship suggests that high oil wealth may stifle democracy, produce unequal gender outcomes, and result in more civil wars.
 
 
 
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