This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarresna.

Macro Voices episode 349 was produced on November 10, 2022. I'm Eric Townsend.

This episode of Macro Voices was made possible by respect energy, a leading European trader

of renewable energy and a one-stop shop for all green energy investors. We've got an

extra long show for you this week, but it'll be a good one for you crude oil fans.

Commodity context founder Rory Johnson will join me as this week's feature interview guest.

Rory is a veteran crude oil market analyst and first time Macro Voices guest. We'll do

a deep dive on crude oil supply and demand fundamentals, China reopening, Russian sanctions,

and finally the long-awaited strategic petroleum reserve discourse. We won't call it a debate

that so many of you have requested. I intentionally let this interview run long. Almost 80 minutes

is compared to our usual target of 45 to 50 minutes, but I think you'll find the content

well worth your time.

And I'm Patrick Sarresna. Listeners, be sure to stay tuned for our post-game segment

after Eric's feature interview with Rory Johnson. When Eric Nick and I will discuss the

market's reactions to elections and inflation numbers, we'll also look at the charts on

the S&P 500, the VIX, the US dollar. We'll also touch on that with charts on crude oil,

gold, copper, and that ten-year treasury yield. Now Eric, before we move to the feature

interview with Rory, let's cover the EIA crude inventory data.

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