On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Warren Pies, founder of 3Fourteen Research. 2021 and 2022 saw commodity prices soar due to supply constraints — Warren walks through the supply and demand outlook throughout the back half of 2022.
As China reopens, conflict in Ukraine continues, and commodity prices remain elevated, will a recession lead to a decline in commodity prices, or is the inflationary impulse and supply mismatch too great to cause demand destruction? To find out, you'll have to tune in!
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Referenced In The Show:
Oil slips on China lockdowns, but bullish trends intact: https://www.reuters.com/markets/commodities/oil-hovers-near-13-week-high-robust-us-demand-china-optimism-2022-06-09/?taid=62a1b0ba7385bc0001a57c94
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Timestamps:
(00:00) Introduction
(00:24) The Commodity Bull Market
(03:02) The Oil Market
(08:26) Backwardation Of The Oil Curve
(11:59) Will Demand Destruction Reduce Oil Prices?
(19:27) Supply Constrains In The Oil Market
(22:49) Industrial & Agricultural Commodities
(25:23) Government Reaction To Rising Energy Prices
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Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
