Pierre Andurand is one of the world's most respected commodity traders – and one of the most successful, too. His understanding of the nexus of energy markets, industrial commodities, and ESG is unparalleled. Clearly, Raoul HAD to have him as part of this series to explore the risk of recession caused by higher rates and rising inflation and their impact on economies and markets. Pierre lays out his case for a secular super-cycle in commodities driven by ongoing demand, along with a severe supply shock causing higher prices. He thinks this mix is creating the risk of a global financial crisis. But even that might not stop the rise in prices of commodities. The flip side is that it will accelerate the drive to invest in green energy, creating a more sustainable future. Everyone needs to watch this gripping, important interview about our increasingly complex world. Recorded on April 19, 2022.