But with Iran in collapse his country has become, after Saudi Arabia, OPEC's second-largest oil producer.
In contrast, the new-issues market of 2000 started out in a frenzy but ended in collapse.
As you well know, and as every American with a brain in his head knows, this economy was in collapse when President Obama took office.
The plight of an economy in its fourth year of recession, with unemployment at near 25%, a banking system in collapse and many people's savings both devalued and inaccessible, is bound to arouse sympathy.
Economists around the world talk of a systemic crisis, and predict a default by Greece or Italy would result in collapse of the euro zone and a severe recession in Europe that would engulf the entire global economy.
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That is a traditional weakness of Latin American banks, and was a factor in the collapse of banks in 1994-5 in Argentina, Brazil, Mexico and Venezuela.
In a similar collapse in 2010, 69 people were killed in Delhi.
The effects of something like that, as he said last weekend, would exceed anything that we saw in the financial collapse in 2008.
Beijing, China (CNN) -- Two men were sentenced to life in prison for their involvement in the collapse of a building in Shanghai last year, Chinese state media reported.
Zahidur Rahman, director of public relations at Enam Medical College and Hospital, said by Wednesday evening 87 people had been confirmed dead in the collapse at the building in the Dhaka suburb of Savar.
The euro zone debt crisis produced two years of fears that it would result in financial collapse and a severe recession in Europe that would spread to the rest of the world.
That shortage of cash played a role in taking Northern Rock to the brink of collapse, made it impossible for HBOS and Royal Bank of Scotland to survive without emergency loans from the Bank of England, and was an important factor in the collapse of Lehman Bros.
Pope Francis has denounced as "slave labour" the conditions of workers caught in a deadly building collapse in Bangladesh last week.
Were the political class more economically insightful, and perhaps not so wedded to banks, it would properly let existing home prices correct in concert with a collapse in housing starts so that always limited capital could more realistically migrate to more useful economic ideas.
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So strong has been the housing boom, in fact, that by the end of 2001 the overall debt burden of consumers (relative to the value of their assets) had fallen slightly to its lowest level since 1989, in spite of the collapse in equity prices.
He added that the industry is facing problems including the exchange rate between sterling and the Euro which meant an effectual 15-18% increase in price, the collapse in the Far East economy which has made materials coming from there much cheaper and the recent doubling of oil prices in Northern Ireland.
Thanks in large part to a collapse in prices for lumber, the stock is down 79% since the market's peak.
Kirkland played a crucial role in the peaceable collapse of communism in Poland during the 1980s, which began the domino effect that ultimately brought down the Berlin Wall.
That means average Americans saw their wealth, principally in their homes, just collapse in that period from the fourth quarter of 2007 to the first quarter of 2009.
UKIP's success needs to be seen in the context of the collapse in support for the Liberal Democrats, which used to regularly win more than 25% of the votes until it joined Mr. Cameron's coalition government, robbing it of its anti-establishment credentials.
The miners used front-loader machines that were not damaged in the collapse to clear the rubble.
Officials say about 2, 500 people were injured in the collapse and that 2, 437 people have been rescued.
Never mind the main factor in this collapse: the Red Sox have been obliterated by injuries this season.
Eventually, however, gravity ensues and the constraints outlined herein raise their head, resulting in a collapse to point C.
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It is Sholam Weiss, who is serving 845 years for his role in the collapse of National Heritage Life Insurance.
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Additionally, the Fed failed to provide stability to our monetary system, resulting in the collapse of the U.S. banking system.
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But the agreement was opposed by Netanyahu's former supporters on the right, resulting in the collapse of his governing coalition.
More than 400 people are confirmed to have died in the collapse of the Rana Plaza building near the capital, Dhaka.
It is not clear if he was injured in the collapse at the Victoria mine, some 40km (25 miles) from Vallenar.
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