BNR – The big picture: How long will oil remain worth its weight in gold?
Donald Trump is eager to extract oil in Venezuela. This is understandable, as there are 302 billion barrels of the black gold in the ground. However, these will not be pumped up tomorrow, nor will they likely be next year. According to experts, it could even take decades before the Venezuelan oil industry is back in full swing.
Electricity prices return to pre-energy crisis levels, easing inflationary pressure
Electricity is as cheap as it was before the energy crisis, reports the AD newspaper. Anyone who signs a one-year contract with an energy supplier now will pay 22 cents per kWh, the same level as in 2021. "But actually, you should compare it with 2020," says Hans van Cleef, head of energy research at research agency Eqolibrium on BNR radio. "And then the [...]