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Roundtable: High oil prices threaten recovery

04/25/2011
Eric WatkinsOil Diplomacy EditorEnergy officials attending the 4th Asian Ministerial Energy Roundtable in Kuwait have heard from leading Middle Eastern oil ministers that higher oil prices could threaten the world's economic recovery."The recovery remains patchy. In many countries, unemployment remains at unacceptable levels," Saudi Arabia's Minister of Petroleum and Mineral Resources Ali I. al-Naimi told the conference.Kuwait Oil Minister Sheikh Ahmad Al-Abdullah Al-Sabah said, "At these high price levels, spending on oil imports could represent a significant economic burden for many import-dependent countries."UAE Energy Minister Mohammed bin Dhaen Al-Hamli said oil ...
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