Welcome to the first full episode of Oil Ground Up with Tony Greer. In this episode, TG welcomes in Rory Johnston of Commodity Context for a deep dive into a new year of oil markets and trading. Rory and TG discuss the crazy volatility in the 2022 market and why 2023 might see similar volatility but for different reasons. The narrative moves from the refiners to production.  TG and Rory also spend a lot of time discussing the politicized SPR depletion and the circumstances of which the administration will look to increase the stockpile.  Rory is a data-first, visualization-forward commodity market researcher specializing in the oil & gas industry. His newsletter can be found at https://www.commoditycontext.com/