---
title: "2 Barrels Quotes By Gary Shilling"
description: "2 Barrels quotes by Gary Shilling. Plus more from Gary Shilling and more Barrels sayings from other authors."
image: "https://sms4smile.com/quotes/i/bed/gary-shilling-27568_barrels_opec-production-went-from-30-million-bar_1486310.jpg"
---

> [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…](https://sms4smile.com/quotes/gary-shilling/opec-production-went-from-30-million-barrels-a-day-to-33-million-they/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

[Image](https://sms4smile.com/quotes/i/bed/gary-shilling-27568_barrels_opec-production-went-from-30-million-bar_1486310.jpg)

> [ I said earlier \[2015\] year that I thought we'd get to 10 or 20 bucks \[per barrel \] because that's the marginal cost, and when you're in a price war, it's the marginal cost that determines the price.It is a… ](https://sms4smile.com/quotes/gary-shilling/i-said-earlier-2015-year-that-i-thought-we-d-get-to-10-or-20-bucks/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

[Image](https://sms4smile.com/quotes/i/66c/gary-shilling-27568_barrels_i-said-earlier-2015-year-that-i-thought_2695177.jpg)

## More by Gary Shilling

> [Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too…](https://sms4smile.com/quotes/gary-shilling/despite-the-recent-conviction-of-many-that-we-re-headed-back-to/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [One of the things I think is very likely is that with the prospects of robust fiscal stimulus in response to voters mad as…](https://sms4smile.com/quotes/gary-shilling/one-of-the-things-i-think-is-very-likely-is-that-with-the-prospects/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [If someone loves you, they can fall out of love with you but they're probably going to keep fearing you. That's where we are…](https://sms4smile.com/quotes/gary-shilling/if-someone-loves-you-they-can-fall-out-of-love-with-you-but-they-re/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [ \[Niccolò\] Machiavelli said it's better to be feared than to be loved. ](https://sms4smile.com/quotes/gary-shilling/niccol-machiavelli-said-it-s-better-to-be-feared-than-to-be-loved/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [We're in a pretty tumultuous world, and there's a lot of uncertainty. Treasurys are where people go as one of the few safe havens…](https://sms4smile.com/quotes/gary-shilling/we-re-in-a-pretty-tumultuous-world-and-there-s-a-lot-of-uncertainty/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [Bloomberg TVThe one thing I think is likely to happen under either candidate is massive fiscal stimulus. You have so many voters in Western…](https://sms4smile.com/quotes/gary-shilling/bloomberg-tvthe-one-thing-i-think-is-likely-to-happen-under-either/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [We've seen that in the past that where you've had uncertainty, and even where the Fed is raising rates, Treasurys rise as everybody heads…](https://sms4smile.com/quotes/gary-shilling/we-ve-seen-that-in-the-past-that-where-you-ve-had-uncertainty-and/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [ A \[Donald\] Trump win might be bad for stocks, but it would be very positive for the dollar and Treasurys. ](https://sms4smile.com/quotes/gary-shilling/a-donald-trump-win-might-be-bad-for-stocks-but-it-would-be-very/)

[Gary Shilling](https://sms4smile.com/quotes/author/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.…](https://sms4smile.com/quotes/gary-shilling/opec-production-went-from-30-million-barrels-a-day-to-33-million-they/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [ \[Donald Trump\] is so unpredictable that foreigners are going to look around and say "boy, we've got to head for the safe havens." And… ](https://sms4smile.com/quotes/gary-shilling/donald-trump-is-so-unpredictable-that-foreigners-are-going-to-look/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [Treasurys, as low as yields are, are higher than they are in most other developed countries.](https://sms4smile.com/quotes/gary-shilling/treasurys-as-low-as-yields-are-are-higher-than-they-are-in-most-other/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [If you look back historically at the post-WWII period on average, if you get a 100-basis-point increase in Fed funds, the spillover to the…](https://sms4smile.com/quotes/gary-shilling/if-you-look-back-historically-at-the-post-wwii-period-on-average-if/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [ Let's say \[Donald\] Trump wins. Is Congress going to let him build a wall on the Mexican border? I don't think so. ](https://sms4smile.com/quotes/gary-shilling/let-s-say-donald-trump-wins-is-congress-going-to-let-him-build-a-wall/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [ If Hillary \[Clinton\] is elected, is she going to be able to jack up taxes with virtually no deductions, and include capital gains? Unless… ](https://sms4smile.com/quotes/gary-shilling/if-hillary-clinton-is-elected-is-she-going-to-be-able-to-jack-up/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

> [TPP is dead anyway, and similar deals in the eurozone are going nowhere.](https://sms4smile.com/quotes/gary-shilling/tpp-is-dead-anyway-and-similar-deals-in-the-eurozone-are-going-nowhere/)

[Gary Shilling](https://sms4smile.com/quotes/author/gary-shilling/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "ItemList",
            "@id": "https://sms4smile.com/quotes/about/barrels/gary-shilling/#itemlist",
            "name": "2 Barrels Quotes By Gary Shilling",
            "numberOfItems": 2,
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "item": {
                        "@type": "Quotation",
                        "text": "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.",
                        "creator": {
                            "@type": "Person",
                            "name": "Gary Shilling"
                        },
                        "url": "https://sms4smile.com/quotes/gary-shilling/opec-production-went-from-30-million-barrels-a-day-to-33-million-they/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/bed/gary-shilling-27568_barrels_opec-production-went-from-30-million-bar_1486310.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/bed/gary-shilling-27568_barrels_opec-production-went-from-30-million-bar_1486310.jpg",
                            "url": "https://sms4smile.com/quotes/i/bed/gary-shilling-27568_barrels_opec-production-went-from-30-million-bar_1486310.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“OPEC production went from 30 million barrels a day to 33 million. They flooded the market, and it's lost…” — Gary Shilling",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "item": {
                        "@type": "Quotation",
                        "text": "I said earlier [2015] year that I thought we'd get to 10 or 20 bucks [per barrel ] because that's the marginal cost, and when you're in a price war, it's the marginal cost that determines the price.It is a price war because basically the OPEC reason did not cut production in their November 2014 meeting was that they got tired of cutting production and having American frackers and Russians et cetera grab market share.",
                        "creator": {
                            "@type": "Person",
                            "name": "Gary Shilling"
                        },
                        "url": "https://sms4smile.com/quotes/gary-shilling/i-said-earlier-2015-year-that-i-thought-we-d-get-to-10-or-20-bucks/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/66c/gary-shilling-27568_barrels_i-said-earlier-2015-year-that-i-thought_2695177.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/66c/gary-shilling-27568_barrels_i-said-earlier-2015-year-that-i-thought_2695177.jpg",
                            "url": "https://sms4smile.com/quotes/i/66c/gary-shilling-27568_barrels_i-said-earlier-2015-year-that-i-thought_2695177.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“I said earlier [2015] year that I thought we'd get to 10 or 20 bucks [per barrel ] because that's the…” — Gary Shilling",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                }
            ]
        },
        {
            "@type": "CollectionPage",
            "@id": "https://sms4smile.com/quotes/about/barrels/gary-shilling/#webpage",
            "url": "https://sms4smile.com/quotes/about/barrels/gary-shilling/",
            "name": "Barrels Quotes by Gary Shilling",
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "mainEntity": {
                "@id": "https://sms4smile.com/quotes/about/barrels/gary-shilling/#itemlist"
            },
            "primaryImageOfPage": {
                "@id": "https://sms4smile.com/quotes/i/bed/gary-shilling-27568_barrels_opec-production-went-from-30-million-bar_1486310.jpg"
            },
            "description": "2 Barrels quotes by Gary Shilling. Plus more from Gary Shilling and more Barrels sayings from other authors.",
            "breadcrumb": {
                "@id": "https://sms4smile.com/quotes/about/barrels/gary-shilling/#breadcrumb"
            }
        },
        {
            "@type": "BreadcrumbList",
            "@id": "https://sms4smile.com/quotes/about/barrels/gary-shilling/#breadcrumb",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Topics",
                    "item": "https://sms4smile.com/quotes/categories/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "Barrels",
                    "item": "https://sms4smile.com/quotes/about/barrels/"
                },
                {
                    "@type": "ListItem",
                    "position": 5,
                    "name": "Gary Shilling",
                    "item": "https://sms4smile.com/quotes/about/barrels/gary-shilling/"
                }
            ]
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```