A Quote by Gary Shilling

OPEC production went from 30 million barrels a day to 33 million. They flooded the market, and it's lost them a lot of money. Look at the Saudis: they just floated a $17.5 billion debt offering, they earlier borrowed $10 billion from a group of international banks; they're selling part of Aramco - they're desperate for money.

Gary Shilling

Quote Topics

Banks Barrels Billion Borrowed Day Debt Desperate Earlier Group International Just Look Lost Lot Market Million Money Offering OPEC Part Production Saudis Selling Them

Quote Author

Gary Shilling
American - Economist

Since 2011, Groupon has lost $730 million, and Zynga has lost just over $1 billion. Twitter has been in business for 10 years and went public in 2013. Since then, the company has lost $2 billion.

Daniel Lyons

More than five million seniors have already saved money on their prescription drugs, and almost 33 million have benefited from free preventive services. The president cracked down hard on Medicare and health care fraud, recovering a record-breaking $10.7 billion over the last three years, protecting our seniors. That's what change looks like.

Kathleen Sebelius

The U.S. only has 20 billion barrels of oil in reserve. It seems as though there is no more oil around. Venezuela has 300 billion barrels of oil in reserves. Iraq has, like, 150 billion barrels of oil. Iran, close to 300 billion barrels of reserve. Oil for 200 years, of course.

Hugo Chavez

Yes, twenty-seven million in slavery is a lot of people, but it is just .0043 percent of the world's population. Yes, $23 billion a year in slave-made products as services is a lot of money but it is exactly what Americans spent on Valentine's Day in 2005. If humans trafficking generates $32 billion in profits annually, that is still a tiny drop in the ocean of the world economy.

Kevin Bales

How is it possible that a process can be democratic when it comes by way of money? If there is money then it can be elected a senator, it can be elected a representative. Do you know how much it cost to be elected president of the United States? The amount has reached, billions of dollars, 2 billion, 3 billion, 4 billion dollars, that's how much a presidential campaign costs. How much does a senatorial campaign cost? It costs 80 to 90 million dollars; or the campaign of a representative, 40 to 50 million. Is that really a democracy?

Alejandro Castro Espin

During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they were $475 million and, by 1865, had risen to one billion, three-hundred million dollars. On the income side of the ledger, taxes covered only about eleven per cent of that figure. By the end of the war, the deficit had risen to $2.61 billion. That money had to come from somewhere.

G. Edward Griffin

This is not some alarmist Orwellian scenario; it is here, now, financed by $20 billion last year and $15 billion more this year of federal money appropriated out of sheer fear. By creating the means to monitor 300 million visits to the United States yearly, this administration and a supine opposition are building a system capable of identifying, tracking and spying on 300 million Americans.

William Safire

Why is McDonalds still counting? How insecure is this company? 40 million, 80 billion million jillion killion tillion... who cares? Is anyone really impressed by that any more? Ooh, 89 billion sold? All right, I'll have one! I'm satisfied! I'd like to tell the CEO of McDonalds, "Look. We all get it, okay? You've sold a lot of hamburgers. Whatever the number is, just put up a sign, 'McDonalds: We're Doing Very Well.' We are tired of hearing about every goddamn one of them."

Jerry Seinfeld

The human brain is estimated to have about a hundred billion nerve cells, two million miles of axons, and a million billion synapses, making it the most complex structure, natural or artificial, on earth.

Tim Green

What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the business itself could probably not have borrowed even $100 million. But the owners of that business, because its public, could borrow many billions of dollars on their little pieces of paper- because they had these market valuations. But as a private business, the company itself couldn't borrow even 1/20th of what the individuals could borrow.

Charlie Munger

There's a property in Panama where Trump has collected somewhere around $30 million just from selling his name to this property - it's somewhere between $30 million and $50 million. It would be so easy for a developer to slap on an extra $6 million to a Trump licensing deal and have that be a backdoor bribe. Who are we to say what that is worth? It's so ephemeral. And this is the appeal of selling something as ephemeral as a brand name, is that it can be inflated beyond all reason.

Naomi Klein

If you compare the size of our reserves of Saudi Arabia and the whole Middle East, it's like three times as much as all of that combined and that's just the easily, readily available 1800 billion barrels and there are probably 3 billion barrels that are commercially just under that, available.

Chris Cannon

Is money money or isn't money money. Everybody who earns it and spends it every day in order to live knows that money is money, anybody who votes it to be gathered in as taxes knows money is not money. That is what makes everybody go crazy.... When you earn money and spend money every day anybody can know the difference between a million and three. But when you vote money away there really is not any difference between a million and three.

Gertrude Stein

More than a billion adults worldwide are now overweight - and at least 300 million of them are clinically obese. Childhood obesity is already epidemic in some areas and on the rise in others. Worldwide, an estimated 17.6 million children under five are said to be overweight.

Morgan Spurlock

Economically, ISIS is making money every day on the black market with their oil fields. But they are also putting money in banks. We know where those banks are. We should go after the banks and the facilitators using them.