CNN | Saudi Arabia is No. 2 supplier of oil to the United States CNN "Anyone who thinks our shale oil boom means we can rely less on Saudi Arabia, doesn't understand how the oil market works," said Bob McNally, president of consulting firm Rapidan Energy Group and an energy official under President George W. Bush. Rupee hits 74 level to the dollar as crude oil approaches $82 mark again Saudi Arabia commits to meeting India's oil demand; keen to invest in downstream India pitches for review of oil payment terms to stem rupee fall |