This is Macro Voices, 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 or bearish, no holds barred.

Now here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices Episode 358 was produced on January 12, 2023. 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.

Billionaire Robert Friedland, founder of the Ivanhoe Mining Empire, returns as this week's

feature interview guest. Robert and I will discuss the geopolitical change toward a multipolar

world, the war cycle, the coming energy crisis, deep geothermal energy, and much more.

This will be a longer interview than usual, but I think you'll find it well worth the

extra time.

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

Eric's feature interview with Robert when Eric, Nick and I will discuss the charts in

the S&P 500, NASDAQ, the VIX, Gold Oil, and we're going to touch on copper and uranium.

Now, Eric, before we go on to our feature interview with Robert, let's discuss crude oil.

EIA printed a massive build of 19 million barrels of crude oil added to US commercial inventory.

Now, of course, that was really only just 18.2 million barrels after you consider the 0.8

million barrels that were drawn down out of the Strategic Petroleum Reserve this week.

Cushing Oklahoma, building a desperately needed 2.5 million barrels, gasoline building 4.1

million barrels, distillates was the only drawdown on the board, drawing down 1.1 million

...