Re: Geopolitics/Oil-Conversation With Velina Tchakarova.

I had the pleasure of speaking with Velina today for almost 2 hours about several geopolitical topics, ranging from Russia/Ukraine to China/Taiwan to Oil. I share some important takeaways below.

Russia will NOT stop its current incursion into Ukraine until it has FULL CONTROL of the Donbas region. Then, and only then, will Russia potentially proclaim a unilateral ceasefire to "give itself a break."

Importantly, this will most likely happen on Russia’s terms and NOT because of any demands from the West. She is not seeing any near-term paths to de…