Western countries, such as Germany, used to enjoy lower oil prices, but now they are starting to realize that the global economic destabilization caused by the current oil crisis may have a negative impact on the European region as well, the newspaper wrote.
In particular, decreasing oil prices can negatively affect a fragile political balance in such regions as Latin America and Africa and contribute to the emergence of new "explosive areas" worldwide. This, in its turn, may result in an even higher number of migrants, destabilizing European countries that accept refugees, the article said.
The newspaper referred to Michael Klare, professor at the British Hampton College, who argued that the current oil crisis may radically change the world's political order. According to him countries dependent on oil and gas are facing serious difficulties in overcoming the falling energy prices. For example, South Africa and Nigeria are suffering huge economic losses, pulling the rest of the continent with them.
Europe is struggling to find a solution to a massive refugee crisis, with hundreds of thousands of refugees fleeing conflict-torn countries in the Middle East and North Africa. Germany has been the main destination for those fleeing war and poverty, accepting over one million migrants last year.
