Bud's Offshore Energy (BOE)

Just when we were settling on Der Spiegel’s account of the Nord Stream sabotage, Michael Kobs provides reasons for skepticism. Are the detailed revelations in Der Spiegel part of a coordinated effort to relieve governments of any responsibility and glorify the destruction of economically important pipelines?

“Since the German arrest warrant for a participant in the Nord Stream terrorist attack, efforts have also increased in Germany to portray the terrorist attack as a “legitimate” or even “admirable” war effort. However, the greatest effort is to relieve the burden on state actors. And so, since recently, the alleged perpetrators seem to be chatting without reservation, spreading out every little detail in front of journalists, and putting every (already revealed) fact in the “right” non-governmental light.” ~Michael Kobs

Kolb also raises questions about the circuitous route followed by the Andromeda in arriving at the blast sites (illustration below) and the presence of 3 US Navy warships in the area. His piece is interesting reading for those who are still trying to make sense of all of this.

Meanwhile, independent journalist Jeffrey Brodsky continues to delve deeply into Nord Stream issues. A recent interesting and detailed piece refutes assertions that Gazprom and Russia somehow benefited from the Nord Stream attack. Mr. Brodsky provides evidence to the contrary concluding that the destruction of the pipelines has contributed significantly to Gazprom’s financial problems. He noted that:

• Gazprom announced a loss of $6.9 billion for 2023, marking its first annual loss in more than two decades. 
• Nord Stream 1 supplied EU nations with a whopping 35% of all Russian gas imports.
• Gazprom contributed $80 million of Russia’s $407 million in Federal govt revenues in 2022, and was a source of revenue that Russia would not want to jeopardize.

Unsurprisingly, the “experts” and politicians who argued that the Nord Stream sabotage would benefit Gazprom and Russia have failed to modify or correct their assertions. Mr. Brodsky concludes his detailed analysis as follows:

“However, despite the numerous facts that have emerged since the attack, the damage caused to  Russia and Gazprom by the sabotage remains willfully ignored. Politicians and experts who claimed that the sabotage would be beneficial to Russia or Gazprom financially, legally or geopolitically seem to have merely skimmed the first chapters of the Nord Stream story. So far, almost none of them have publicly corrected themselves after hastily familiarizing themselves with its complex plot. But since the perpetrator of the sabotage has not yet been unmasked, they still have the opportunity to pre-order the unfinished sequel to the book. Perhaps it will end up being an international bestseller. ~ Jeffrey Brodsky

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