How Tim Walz Did Not Know Models Only Say What They’re Told To Say

November 20, 2024/in /by Rudolf Huber

When I was a manager in an energy trading company, we had frequent meetings discussing the portfolio. Traders had an opportunity to explain their longer positions especially when those looked problematic. I learned one thing right quickly. When the trader came exclusively with models to justify decisions, I knew that he could present no good rationale based on reality for his thinking. I also knew that the trader probably had no clue about what the market really does and how things would likely develop. All they ever knew were numbers and lines on paper. The numbers were wrong almost all the time. Models are evidence for nothing.

I have loathed Tim Walz since the covid panic. He embraced hersterical models, and used the excuse they were The Science to grab power. Briefly, in May 2020, as you’ll see below, panic models…

William M. Briggs

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I met Rudolf at the beginning of 2011, since we were both involved and working together within several European / Scandinavian projects for the development of technology, standardisation and legal aspect in the use of LNG as marine fuel and along its supply chain. Rudolf has vast expertise in, and perspective on, different aspects of LNG technologies, suppliers, infrastructures and supply chain options. He is able to provide a deep understanding and insight into these areas and is a conscientious and diligent source. Moreover, he is a tremendous visionary on the geopolitical, trading and technology aspects of energy, with a special remark for LNG traditional and small / mid magnitude chain. Rudolf has very proactive personal and working approach and is an excellent team worker and leader. Not least, he has a unique persuasive way of writing, negotiating and delivering speeches. I would certainly recommend him as an excellent expert and believe he would be a powerful asset for any company actively working in Oil and Gas. Thank you Rudolf! Marco

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I was introduced to and met Rudi in Angola when he started to develop his Sub Saharan Africa network. At the time he worked for EconGas/OMV and he tried organizing longterm LNG supply for them under the unlikeliest of all circumstances. He figured that Africa would be the only place where this would be a realistic prospect for long term uncommitted supplies of LNG. Rudi did not hesitate, started in Africa from absolute zero and spawned relationships and personal friendships with incredible speed. When I met him I didn’t know much about LNG. Today I follow the LNG news on my continent with great interest and a much clearer understanding of the LNG trade. Whenever I have a job that involves venturing into the unknown, Rudi will always be my man.

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I worked with Rudi on a key Europe-Middle East LNG supply chain transaction. He is incredibly driven and pushed the deal forward under very challenging internal and external circumstances. He is culturally astute and was able to navigate very successfully through the various subtleties within the global energy community. Also a great guy to work with!

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