We had an exciting field trip today to tour the new Deloitte Greenhouse facility in Houston. While there, we had the opportunity to visit with Amy Chronis, Vice Chair, US Oil, Gas & Chemicals ("OG&C") Leader, and Houston Managing Partner. Amy has twenty years of experience as a Partner at Deloitte and leads the strategic direction of Deloitte's OG&C practice and Houston office, a group of over 5,000 professionals. The Greenhouse tour was fascinating, and we had a wonderful time with Amy and her team. 

Our discussion with Amy was very timely given the release of Deloitte's recent report, "Striking the balance: How and where will oil and gas producers deploy their cash?" We kick off the conversation with an overview of the Greenhouse, inspiration for the space, and Deloitte's vision for creating a one-stop experience for organizations to "ideate," engage, build strategies, create prototypes, and address challenges in a collaborative and creative space. We then dug into the key findings and suggestions from "Striking the Balance." We talked with Amy on a wide range of topics covered in Deloitte's analysis, including the original inspiration for the report, the shale industry's remarkable "cash rally" after a negative decade, the four archetypes the Deloitte team sees for strategies going forward, various reactions to the report so far, the great progress oil and gas has made in reducing Scope 1 emissions, investor attitudes, and more. It was a far ranging and thoroughly enjoyable discussion. 

To kick us off, Mike Bradley talked about another volatile week in the markets. As you will hear, Mike touches on more than a handful of variables weighing on the market, with the Fed being a really large one of course. Mike also gets into some of the proposals coming out of Europe to deal with the energy crisis there. Colin Fenton picked up on the Fed commentary and also the EU power pricing discussion. He noted in both Europe and in the US, too many government officials are talking about heavy-handed and potentially counter-productive government energy intervention.  

We want to thank Amy and the Deloitte team for the tour, the discussion, and the hospitality. We hope you all enjoy the conversation as much as we did!