It comes as no surprise that Dubai is in debt crisis, especially after massive spending on infrastructure projects that some would say is; “amazing, ridiculous, crazy, unbelievable, out of this world, and the list continues.”

From the Onion: Dubai Debt Crisis Halts Building Of World’s Largest Indoor Mountain Range

Representatives from the emirate of Dubai announced with disappointment this week that its recent debt crisis has forced developers to halt construction on the city’s long-planned 22-mile-long indoor mountain range.

The culmination of a decade’s worth of ambitious and expensive building projects, Dubai’s estimated $100 billion debt officially brought work on the artificial mountain range to a stop on Tuesday.

“This is a very sad day for the emirate of Dubai,” Crown Prince Hamdan bin Mohammed al-Maktoum told reporters at a press conference held inside the gold-plated anti-gravity chamber in his palace. “Although I believe it is the basic right of all who visit us to be able to scale to the top of a 15,000-foot-tall manmade snowcap, these tough economic times have made it an impossibility. Never before has our proud municipality faced such a grave crisis.”

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Oil on Friday declined more than 2.5% to about $76 a barrel as fears mount about the possible defaults in Dubai financial markets. Adding to the pressure was the boosted demand for the U.S. Dollar. However, Dubai’s recent news only indirectly contributed to the decline. Crude oil has been sinking since it peaked at $82 a barrel in early November. A large inventory in the U.S and discouraging economic data is more to blame for the decline.

Additionally, the market was trading at low volumes that could have exaggerated prices!

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