The Future of Crude & the Fate of the World
QUESTION: Mr. Armstrong, the fact that you’ve appeared on national TV across Europe and even Russia, but not in the United States, really highlights the depth of censorship here. On RT, you predicted oil would still hit $200 by 2028. Every analyst they brought on repeated the same line—short-term pa
Source: Armstrong Economics
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DW NOTE
Armstrong predicted $200 oil by 2028 when Brent was trading near $70. With the Strait of Hormuz closed since mid-month, 2,000 ships stranded in the Gulf, and the IEA forecasting a 4% drop in global supply this year, Brent is at $94 — not $200, not $150, barely above where it traded before the chokepoint shut. The market is pricing in a reopening that mine-clearing timelines say won't happen for months.