#147: Rhett Bennett - Founder of Black Mountain - A Bull Case for Nickel, Oil & Gas

Rhett Bennett is the Founder and CEO of Black Mountain, a private natural resources company with several business units: E&P operations, commercial saltwater disposal, midstream, and in-basin frac sand mining. 

On this episode, Chris and Rhett deep dive into the Nickel industry. Black Mountain has recently stepped into the industry by purchasing a mine in Western Australia. Rhett delivers great insight into how Nickel is used in battery metals and will be critical for the Electric Vehicle industry. They also talk about the decreasing investment in Oil & Gas and how that creates a wealth of opportunity for the industry, and some great statistics that knock some reality into the increasing calls for more EV's. Enjoy!

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Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com

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(02:50) - Rhett’s Background

(06:26) - When did you move from friends and family money into institutional money?

(07:01) - Do you look at what you do as high-risk? 

(08:50) - Is there an education you put yourself through before entering a new venture?

(12:11) - How quickly did you hire Hayden Gillespie after meeting him?

(13:05) - How did you get into nickel?

(21:24) - Global Warming

(27:36) - What does 80% more efficient mean when you talk about nickel for an internal combustion engine?

(29:55) - Is nickel used for anything other than batteries?

(30:20) - What are the two classes of nickel?

(30:54) - How do you hire a team in Australia from America?

(34:23) - Why did you implement new leadership in the Australian company you acquired?

(37:01) - Is there a lot of nickel in the world?

(42:20) - Opportunity in Betting Against ESG

(44:32) - What brings money back into Oil and Gas?

(47:37) - Nickel & Oil and Gas Statistics

The FORT with Chris Powers is produced by Straight Up Podcasts