In this month’s issue, the editorial letter explores the influx and implications of microgrids on the power sector. The “In-Depth” article examines the history of oil since 1973. Focusing on the relations between the Middle East and Western economies, author Aiman El-Ramly shows how our present oil situation is the direct product of decades of geopolitical turmoil. Numerous short articles provide updates on EEX launching Nordic power futures, CME Group and GFI Group terminating their merger agreement, Deutsche Börse Market Data + Services becoming the exclusive licensor of PEGAS, and much more.