Mohammed bin Salman Photographer: Simon Dawson/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 transformed the equation. While strong relations are considered crucial to the national security of both countries, energy will probably be lower down the agenda when the prince visits President Donald Trump’s White House In October, the U.S. imported just 563,000 barrels a day of Saudi crude, the smallest amount since June 1986 and down 75 percent from a peak of 2.24 million barrels a day in 2003. The dramatic drop in U.S. net oil import needs will “have profound implications on energy geopolitics,” said Fatih […]