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! --  Follow : https://twitter.com/WarrenPies Follow Alfonso: https://twitter.com/MacroAlf  Follow Blockworks: https://twitter.com/Blockworks_  Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ --  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 --  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 --  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.