America’s Oil Boom and US-Saudi Relations

Will the boom in US oil production affect the ties between the Americans and Saudi Arabia?

As the United States produces oil at the highest levels in 20 years thanks to the shale boom, Saudi Arabia’s confidence in Asian markets could help keep relations between the two countries on track.

“The Saudis don’t see the North American oil boom as a threat, not in the context of the global oil market,” said a Washington-based energy consultant to governments and businesses, who did not want to be named.

Naimi said in a speech early this month in Doha that nobody should fear new oil supplies when global demand is rising, adding that Asia’s population growth should be a driver for future oil demand.