Stable genius and dealmaker
In his low-energy April Fools Day speech last night, Trump showed he hasn’t a clue how the world supply chains work: “In Wednesday night’s address to the nation, President Trump declared, “We're now totally independent of the Middle East, and yet, we are there to help.” “We don't have to be there — we don't need their oil, we don't need anything they have.” Uh, no. “ Trump is . . . overlooking that while the US is a net exporter of crude oil, it remains an importer of refined gasoline in many regions. “The president is also factually wrong on other key goods that pass through the strait and whose absence has been felt directly in the US. “Helium and fertilizer are two notable products made in high quantities in the region and relied on by an array of American industries. “Helium is key in the production of semiconductors. Economist Andreas Steno Larsen, founder of Steno Research, recently told Yahoo Finance that the stoppage "could potentially turn into a bottlen...