Friday, December 20, 2024

As Saudi Prince Visits U.S., Shale Transforms Oil Relationship

From Bloomberg From Franklin Roosevelt to George W. Bush, American presidents saw oil as the cornerstone of the relationship between Saudi Arabia and the U.S. — a steady supply from the Middle East’s largest exporter was considered crucial to the economy’s well-being. As Saudi Crown Prince Mohammed bin Salman travels to America this week, the Texas-to-North Dakota shale boom has