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Inside this issue

• The integrated majors need to reinvent themselves using a new model

• Cancun may not produce a climate change treaty but could set the stage for Johannesburg next year - -

Content

Power shifts reflect changed global reality

From nuclear power in Abu Dhabi to the US’s shale gas ‘boom’, the industry is reacting to changes in demand, writes Sylvia Pfeifer

Opec: Cartel’s power set to increase as stocks decline

However, a shift to renewables to combat climate change could reduce demand, reports David Blair

Big oil: Integrated majors need to reinvent themselves

A new business model may be needed, writes Sylvia Pfeifer

Deepwater drilling: BP’s disaster renews focus on inspections

Only large groups can afford to comply with tougher regulations, writes Sheila McNulty

Climate change policy: Cancun offers slim hopes of progress

A treaty is unlikely in Mexico in December but it may be possible to set the stage for one next year, explains Fiona Harvey

Alternatives: Algae offer double benefit as biofuel and carbon capture

Big oil companies are looking into the science but it is still early days, says Sheila McNulty

US power inputs: Usurpers mount challenge to the ascendancy of King Coal

Utilities are moving increasingly to gas, writes Ed Crooks

Nuclear power: New dawn for a former sunset industry

Pragmatism means there is a role for atomic generation, writes Sylvia Pfeifer

US policy: A nation in thrall to the power of oil

Reform is long overdue and is unlikely to be easy, says Ed Crooks

Infrastructure: Clever way to cut usage and save money

‘Smart grids’ should deliver efficiencies, but it will take time, says Fiona Harvey

Shale gas extraction: Investors aim to profit from US experience

Renewables: Design of subsidy systems is crucial to their success

China: Beijing in the running to take crown for wind turbines

Brazil: Jubilant mood as country taps fresh reserves

Iraq: Upgrading proven reserves by over 20% is ‘big game changer’