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Author Topic: Gas prices rising on Iraq concerns Back to Topics
PD

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Message Posted: Jun 13, 2014 11:38:54 AM

If you haven't heard about it yet, you soon will: oil prices took a big jump yesterday in response to concerns about new violence in Iraq, and it will soon impact what you're paying at the pump.Already today, gasoline prices in Michigan, Indiana, Ohio, are moving higher, as are localized prices in Kentucky, Illinois, and some other nearby cities, and its a harbinger of what's to come to the rest of the nation.The major concern is Iraq's 3-plus million barrels of crude oil it pumps every day. Should insurgents take over or halt shipments of crude, suddenly Iraq's oil customers, including the U.S., will need to find other sources of crude. Less crude oil available means higher prices, it's the old fundamentals: supply and demand....

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northernbeach
Rookie Author Gasbuddy

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Message Posted: Aug 20, 2014 2:42:11 AM

hello, its really a best for in my life here i will see and get more points of view with this post.
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bart_reed
Champion Author Los Angeles

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Message Posted: Jul 2, 2014 9:00:14 AM

Not really fair.
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Tundralimited2009
Champion Author Dallas

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Message Posted: Jul 1, 2014 2:17:15 AM

Another nation...
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the1roadhog
Champion Author Atlanta

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Message Posted: Jun 30, 2014 8:32:22 AM

Middle East always impacts price at the pump.
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gasmask78
Champion Author Virginia

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Message Posted: Jun 29, 2014 11:44:11 PM

Hmm
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gasmask78
Champion Author Virginia

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Message Posted: Jun 29, 2014 11:43:28 PM

Okay
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tklsr
All-Star Author Akron

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Message Posted: Jun 25, 2014 12:57:49 PM

fantastic news.
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Tundralimited2009
Champion Author Dallas

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Message Posted: Jun 24, 2014 2:51:45 AM

Prices still going up...
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 23, 2014 5:44:58 AM

spanky: with the mess in the Middle East, nary a chance!
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spanky3678
All-Star Author Missouri

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Message Posted: Jun 22, 2014 1:18:03 PM

Not the kind of news I'm looking for. We need the prices to come down.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 22, 2014 6:51:56 AM

mrsshopper: of course it is.
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JOHNJOEYJOE
Champion Author Texas

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Message Posted: Jun 21, 2014 4:43:54 PM

So, I anticipate America will increase its exports.
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mrsshopper1
Rookie Author Ontario

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Message Posted: Jun 21, 2014 2:31:23 PM

I think the troubles in Iraq is influencing the gas prices in Ontario, Canada.

Also, the gas attendant in Niagara this morning says our new premiere said that gas prices will rise to help pay for the new transit systems that are planned for Toronto. So I say, why do people outside of Toronto, need to pay for their perks? Many of us do not drive in and around Toronto! I hope those Liberal voters are happy. It's just my opinion.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 21, 2014 6:59:58 AM

fed: that's b/c you don't have the cashola ;)
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Tundralimited2009
Champion Author Dallas

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Message Posted: Jun 21, 2014 3:06:27 AM

Time will tell...
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xbAG
Champion Author California

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Message Posted: Jun 20, 2014 4:34:11 PM

prices remain steady here on the central coast of California.
course that means the lowest price around here is 4.06 It has been that for a couple of weeks.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 20, 2014 12:28:35 PM

WAY more effective that I would ever dream possible.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 20, 2014 5:50:43 AM

fed: well, remember to wear those alu foil hats ;) No, seriously, brainwashing is quite effective and has been done very efficiently.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 19, 2014 8:50:15 AM

Honda-The best thing is when you pimp smack them with hard facts,that they have no argument for-they think you are crazy,because their heads are so full of lies---I never realized how effective propaganda,and politics can be until the last ten years--a great number of people don't care about facts at all,just if their party wins! Everybody that knows anything about oil,knows cheap oil ONLY comes from real oil fields,in true oil rich countries--but at least half of our contry thinks it comes from frack holes,or sand pits--because of secret AM radio waves-----I tell you what I am waiting to see is what is China going to do now that they control most of Iraq's cheap oil leases,if there is a major attack on their state run oil companies there-Russia is also there-along with a bunch of international oil corporations--the invasion of Iraq is the main reason we pay three times too much for fuel in the first place.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 19, 2014 5:56:58 AM

fed: easier to stick the head in the sand than think? Oh wait, there's always TV so folks don't have to worry about thinking at all ;)
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Tundralimited2009
Champion Author Dallas

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Message Posted: Jun 19, 2014 1:06:51 AM

Economics 101...
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tuesday3006
Rookie Author Flint

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Message Posted: Jun 18, 2014 10:37:55 AM

Any excuse to raise the price!!
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fedupp
Champion Author Cleveland

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Message Posted: Jun 18, 2014 8:20:39 AM

Thank you honda-great to see others who deal in reality,there are several on this site--but most are just not reading-or paying attention to what has been going on around them for more than a decade.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 18, 2014 6:59:15 AM

fedupp: excellent observations.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 17, 2014 12:34:22 PM

Because any time that anything,especially war,happens in the middle east-oil goes up----the United States,and Canada have no source of affordable-or cheap oil-the situation had to be manufactured with war and lies starting 11 years ago to get the price high enough to frack for oil-and steam tar oil out of sand pits in the first place----:example: Iraq's oil is 30 times less labor intensive to get out of the ground than Canadian sand tar oil,and its up to $87.00 less per barrel to lift(sand tar has lifting costs up to $90.00 per barrel)the power structure of oil is in the middle east,and the oil sells for 5 times what it did before the second invasion of Iraq-as a direct result of US foreign policy.The US and Canada only have expensive hard to access,leftover oil resources--the middle east and Venezuela could easily flood the market with cheap oil,from real oil fields-or raise the world market price by slowing production---if they do flood the market with cheap oil,like before 1973 and from 1984 to march 20 2003-frack/shale oil and sand tar oil will become less than viable------this is why Iraq was attacked in the first place,Saddam was not happy with the "oil for food" program limit of 2 million barrels per day-he said he was going to 5 million bpd,and that would have even made deep ocean,and tundra oil less than viable,let alone the way more expensive to lift frack/shale and sand tar oil that north American developers were after at the time.The price of oil you see today is nowhere near as high as they had planned when they split up Iraq's oil--the summer of 2008 saw $145.00+PB and it will go higher than it is now.The higher the price the more extraction possibilities,and the happier OPEC is--everyone wins but us.
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Mikeyl
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Message Posted: Jun 17, 2014 11:48:22 AM

As usual, the oil speculators on Wall Street are causing havoc.

My question is, if only 5% of the oil imported to the US is from the Middle East (not even Iraq), why are our prices jumping up like crazy?
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fedupp
Champion Author Cleveland

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Message Posted: Jun 17, 2014 6:37:42 AM

Sand tar oil has a viable point of $100.00 per barrel,if the manipulated world market price goes much below that,for an extended period of time-it becomes less than viable(US frack oil it's $80.00pb viable point)so speculators at this point have an easy job,what would you speculate-if you were a speculator,if another war breaks out in Iraq? The second invasion of Iraq is the main reason we pay three times more for fuel.
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 17, 2014 5:39:33 AM

prices rising because specutraitors are getting cold feet.
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lorimarie36
Champion Author New York

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Message Posted: Jun 17, 2014 3:32:50 AM

Well, of course.
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geoutpb
Champion Author Midland Odessa

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Message Posted: Jun 16, 2014 9:47:10 PM

Ok
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fedupp
Champion Author Cleveland

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Message Posted: Jun 16, 2014 8:07:42 PM

Yea it is,it's off the world market--if China was buying oil from Iraq it would be at world market price--China develops and extracts their own oil,off of their own leases in Iraq, for a tiny fraction of world market price-while we pay China back hundreds of billions plus interest for the Iraq war--and then China ships that super cheap oil right past our fifth fleet in the gulf.
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tomok
Champion Author Portland

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Message Posted: Jun 16, 2014 7:43:24 PM

YOU BUY THE LEASES - YOU BUY THE OIL!!!!!!!
------------------------------
THIS TOPIC IS NOT ACTIVE!
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fedupp
Champion Author Cleveland

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Message Posted: Jun 16, 2014 2:34:01 PM

Raising the price(war,lies,sanctions,trade law changes,ect)increases extraction possibilities---fracking,horizontal drilling,sand tar--lower the price and fracking stops,sand tar stops,horizontal drilling stops--these resources could never dream of being able to compete with the massive oceans of cheap,easy to access oil in the middle east,and Venezuela on a fair world market.
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lgwhitlock
Champion Author Chico

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Message Posted: Jun 16, 2014 2:17:41 PM

Still holding here in California but then again we are above the national average already anyway...
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strakey
All-Star Author California

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Message Posted: Jun 16, 2014 2:07:27 PM

So how does raising the price fix anything? oh,that's right it doesn't ,it just makes the richer richer...too bad we are all too stupid to figure that out.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 16, 2014 1:20:31 PM

Simple,north America has the most expensive to lift oil on earth-without shutting down and splitting up Iraq's oil 11 years ago there would be no fracking,no horizontal drilling,and no sand tar oil-it costs WAY.WAY too much to lift these "resources"- They need to import oil,and export refined goods here to keep the price high enough to keep fracking,horizontal drilling and steaming tar oil out of sand pits---a glut of way too expensive to lift oil,is just a glut of way too expensive to lift oil-it's nothing at all like the super cheap to lift,easy to access oil of the middle east,and Venezuela--if they produced more oil here,and did not export almost 4 million barrels of refined goods per day(they are also pushing hard for crude export permits)with demand being flat for 10 years now,very soon they would have more extremely expensive oil than they could sell-and the price would drop too low to frack,and steam tar out of sand pits.Like China, the "source" of crude oil we should have concentrated on was Iraq's oil,but then again if our government wanted cheap oil, they would not have attacked Iraq,put sanctions on Iran,attacked Venezuela with a propaganda war,and changed the trade laws--the higher the price the more extraction possibilities.Canada steam tar oil is the most expensive oil on the planet(up to $90.00 per barrel to lift),and will help nothing,it's also 17% less efficient when refined-more of it on the market will raise the price,not lower it.You have to shut off cheap oil world wide if you want to frack for oil,and steam tar oil out of sand pits with solvents,and natural gas.
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safewaterman
All-Star Author New York

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Message Posted: Jun 16, 2014 1:09:15 PM

Drill here, drill now, frack away, build more nuclear plants, etc. - ALL OF THE ABOVE!!! Oh, and by the way - BUILD THE PIPELINE!!!
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safewaterman
All-Star Author New York

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Message Posted: Jun 16, 2014 1:05:11 PM

Goes up faster than the oil can get refined to gasoline and shipped to the gas stations!
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too_darned_high
Champion Author Indianapolis

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Message Posted: Jun 16, 2014 11:21:23 AM

"Should insurgents take over or halt shipments of crude, suddenly Iraq's oil customers, including the U.S., will need to find other sources of crude."

The U.S. HAS other sources of crude, within our own borders!! Why are we not using our own oil and why are we exporting so much of our own oil?!?
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gmanor
Champion Author Portland

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Message Posted: Jun 16, 2014 10:14:15 AM

ok
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fedupp
Champion Author Cleveland

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Message Posted: Jun 16, 2014 10:06:48 AM

The Chinese are not buying oil from Iraq-they bought up 60% of the leases in Iraq,made available to them by the actions of our government the last 11 years--they pump their own super cheap oil,off of their own super cheap oil leases-and ship it directly back to China-free of OPEC/world market price,for around $11.00 per barrel.
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OKRifle
Champion Author Oklahoma City

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Message Posted: Jun 16, 2014 10:05:41 AM

Any excuse will do! What a tragedy the loss of our military members lives for nothing! You can't bring Democracy to the Middle East, no more that you can acclimate Muslims into the society and value system of the United States of America! Let's quit kidding ourselves, folks!
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fedupp
Champion Author Cleveland

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Message Posted: Jun 16, 2014 10:04:05 AM

gvan-both times oil skyrocketed the last 40 years it was because of the actions of the President of The United states of America--Bill Clinton's 'oil for food program'(1996-2003) with Iraq also had a huge impact on oil prices,keeping oil prices very low for both his terms,all the way up to the point of invasion,again.
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tutaw
Champion Author Kentucky

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Message Posted: Jun 16, 2014 10:03:29 AM

no kidding
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tomok
Champion Author Portland

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Message Posted: Jun 16, 2014 10:03:03 AM

Gas prices rising on Iraq concerns. Oil prices took a big jump in response to concerns about the new violence in Iraq. Iraq's pumps 3+ million barrels of crude oil every day. Should insurgents take over or halt shipments of crude oil, Iraq's oil customers will need to find other sources of crude oil. Less crude oil available means higher prices, it's that 'supply and demand' thing that Big Oil uses to raise the price of fuel at the pump.
**I didn't know the US was so dependant on Iraq oil that the Chinese are buying. Must be a NEW economic system! *What happened to the US crude oil production that is being exported to other countries?
**This area of the world will never be civilized or have morals! *Spend all that time, money and lives and this is what we get! A country that self implodes when left on their own and will take care of their own before anybody else (It's that tribal thing again!). Their army deserted when faced with LESS than overwhelming odds! Show them as better way of life and they can't comprehend it in anyway! *It's time to turn the sand to glass and finally be done with these idiots!!!
**This article may be up until Monday! So don't start whining, crying and complaining about 'Old News,' 'Yesterdays News' OR 'Moldy News' on Saturday/Sunday/Monday. Repeat article - Repeat posts. *Live with it! ***If you don't like the repeat status of it, comment on another article!!! DUH!
**Putz!! bwaaa ha ha ha !...
Drive vehicles with high mpg, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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momof5MN
Champion Author Twin Cities

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Message Posted: Jun 16, 2014 10:01:34 AM

Old.
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Elaine4411
Champion Author Pennsylvania

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Message Posted: Jun 16, 2014 10:00:24 AM

Nothing new here...
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skins66
Champion Author Colorado Springs

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Message Posted: Jun 16, 2014 9:58:39 AM

here is to washington
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gvan
Champion Author Chicago

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Message Posted: Jun 16, 2014 9:58:15 AM

"We now! Thanks Obama!"

President Obama, nor any other politician, democrat or republican, has any more than a minimal impact on the price of a global commodity like oil/gas.
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rmw10rpw
Champion Author West Virginia

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Message Posted: Jun 16, 2014 9:57:57 AM

any excuse to raise the prices
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