November 30, 2022
“At The Helm Of Creating Prosperity Around The World” Featuring Tisha Schuller, Adamantine Energy
Today we welcomed back our good friend Tisha Schuller, Founder and CEO of Adamantine Energy. Tisha first appeared on COBT in March of 2021 and we're thrilled to visit with her just a few weeks after she's published her latest book, "Real Decarbonization: How Oil and Gas Companies Are Seizing the Low-Carbon Future." Tisha is based out of Denver and was previously the President and CEO of the Colorado Oil & Gas Association before founding Adamantine Energy, where she and her team provide thought leadership to energy businesses. We had lots of fun digging into the core themes of the book!
In our conversation, Tisha first shares the inspiration behind writing "Real Decarbonization" including the disconnect between public perceptions around decarbonization and reality. We then dive into the importance of understanding the opposing community's perspective and the shift to focus on building things rather than opposing them, Tisha's call for action to create "unconventional engagements," navigating greenwashing, how CEOs are driving decarbonization, the four strategic decarbonization paths as described in Tisha's book, how the IRA has affected traditional paradigms of opposing conservatives and liberals, personal evolution and shifting industry pride, differences in decarbonization goals for public and private companies, the definition of decarbonized, and much more. We had a hard time wrapping the discussion and ended with Tisha's view for the energy world in ten years. It was a whopper of a conversation!
The Veriten crew started the show: Mike Bradley focused on the move/volatility in crude oil markets as well as the handful of dynamics (China lockdowns, upcoming OPEC Meeting & EU Russian Price-Caps) that are driving volatility and have plunged Brent and WTI crude oil time spreads into contango. He also noted the 12-month WTI crude oil strip and energy equities have been decoupling over the past few months due to investor's comfort with higher future "normalized" prices, continued significant return OF capital and strict capex discipline even in the midst of high commodity prices. Colin Fenton trained the spotlight on precious metals. Advances in silver and gold prices are suddenly building momentum, as investors flee crypto markets and look nervously at USD weakness and other signs that central bankers will not have the stomach to squash inflation expectations. Mar-23 CMX silver ($21.41 per troy ounce) has gained 22% since its recent low in early September, and Feb-23 CMX gold ($1762 per troy oz) is now priced about 8% higher than at its recent low on November 3, 2022. Each price is far below its all-time high in either nominal or real terms.
Thanks to you all for your friendship and support!
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