Why is gas still so high???

just cover

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I can post the link if wanted, but it is from the Dept of Transportation so it should be believable. Americans drove 4.3% less or 11 billion miles less than last March. Why is gas at all time high when we are driving less? I saw all the big wigs from all the oil companies say that it is all about demand. Well our country I think still uses the most oil while China is a close second or right with us, so if we used 4.3% less than a year ago why is oil rising. Some moonbat says there might be shortage and WOW oil jumps a dollar or two, then takes days or a week to go back down.

How can anyone believe they aren't sticking it to us? If you can't see it, then you are even more fuked up than I thought. This administration has put our country back 30 years. Before anyone comes in here saying I am a liberal- I vote for the person who I think is the best for the job whether it be right or left.

JC
 

The Sponge

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Because WE aren't the only ones using gas.

Laying did you ever hear of the guy that has a over 500 hundred Emails of Karl Rove? Conyers now has these and some are being used against him right now and it is the reason he just got a subpoena. Im trying to find the one where these collection of crooks were talking about manipulating the price of oil. Oh and by the way they are almost set to open up the oil line that use to work back in the forties that goes from Iraq to Israel.

Iraq-Israel oil pipeline 'to reopen'
By Anton La Guardia
(Filed: 21/06/2003)

Israel's finance minister, Benjamin Netanyahu, predicted yesterday that the British-era oil pipeline from Iraq's northern oilfields through Jordan to the Israeli port city of Haifa would be reopened.
"It won't be long when you will see Iraqi oil flowing to Haifa," Mr Netanyahu told a group of British investors in London. "It is just a matter of time until the pipeline is reconstituted and Iraqi oil will flow to the Mediterranean."
The pipeline was closed during the first Arab-Israeli war in 1948 and has never been used since. Its rehabilitation would dramatically enhance regional economic co-operation after decades of war and mutual suspicion.
But the project is unlikely to become reality before a permanent settlement between Israel and the Palestinians.

Telegraph | News | Iraq-Israel oil pipeline 'to reopen'
 

THE KOD

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china and india are the two new big markets for oil .

They are putting down the bikes and are just now able to buy cars.

They are going nuts.

Confucious say

Demand for oil higher, price rise accordingly.

And a free one.

Man who sit on false teeth will rise again.
 

The Sponge

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Palast: I know because I have Karl Rove's emails. No kidding. He and his team aren't the sharpest knives in the drawer. They sent copies of their plans to GeorgeWBush.ORG instead of GeorgeWBush.COM addresses -- and they ended up in my in-box. Who says this job ain't fun?

Dollars & Sense: Bush fired eight prosecutors. You were behind the scenes on that story long before it broke in the US. What are they still withholding from us?

Palast: Look, it's all about VOTES. You'll see that the prosecutor that Karl Rove insisted in putting in place is a slithery character named Tim Griffin. He's the guy I busted as the spider-mind behind the "caging lists" which purged thousands of Black voters. The prosecutors fired, as you'll see in Armed Madhouse, include those, like David Iglesias in New Mexico, who refused to bring phony cases of fraud against legitimate voters. It's a matter of economics: the Republican party is systematically knocking out lower-income voters; that makes their purges racially biased -- but my data show that's just the effect of hunting down and attacking the ballot power of working class and poor voters. Disenfranchisement is class war by other means.

Dollars & Sense: Why the hell hasn?t the U.S. press covered the story of Bush?s vultures, election?s theft, Iraq?s oil or any of the other stories you've put on the front pages in Europe?

Palast: Robert Kennedy Jr. just complained to the head of ABC News about the blackout on my stories. (ABC has the right to take my stuff from BBC for free.) I'm not holding my breath for an answer. I call it, The Silence of the Media Lambs. We've got loads of terrific investigative reporters in America, but gutless editors. So the suck-ups to power get the choice posts in metropolitan dailies and on the networks.

Think of the punishment inflicted for the crime of investigative reporting. Seymour Hersh told me he was forced out of the New York Times and Bob Parry, the guy who busted open the Iran-Contra story, was pushed out of the Associated Press. On the other hand, Bob Woodward, who had his journalistic tongue up George Bush's rectum, who went from writing 'All the President's Men' to being one of the President's men, is doing just fine.

Dollars & Sense: Many progressives are focused on privatization of the Iraqi economy, including its oil industry, as Bush?s real goal for the invasion. But you write about two radically different plans within the administration, the neo-cons? versus Big Oil?s?and Big Oil?s plan was the one opposed to privatization. What?s going on here? Plus: any update on how privatization and the whole neo-liberal reshaping of the Iraqi economy are going?

Palast: A lot of intelligent folk believe Bush had a secret plan to grab the oil fields of Iraq before the tanks rolled. That's wrong. He had TWO plans. In Armed Madhouse, I show you both -- the result of two years undercover for BBC. The plans conflict. There's the neo-con plan: Privatize -- that is, sell off -- everything, "especially the oil" industry. That's a quote from the 101-page document which I learned was written by the neo-cons. That didn't happen -- because a Jim Baker team -- he's the lawyer for both Exxon and Saudi Arabia -- secretly wrote a 323-page plan that called for CONTROLLING the oil flow, not owning it. The purpose was to LIMIT the supply of oil from Iraq and keep prices high. This would, "enhance [Iraq's] relationship with OPEC" -- the oil cartel. That's a quote from the document you're not supposed to see.

So here it is: the invasion was about LIMITING the flow of oil from Iraq, keeping prices high, not grabbing the oil to bring prices down for your SUV. The secret Baker plan is now the law in Iraq and prices are over $50 a barrel. MISSION ACCOMPLISHED.

Dollars & Sense: We?ve covered some of the less-told stories of Venezuela under Chavez?for example, how he?s dramatically expanding the co-operative sector of the economy. Some progressives worry though: is he a populist demagogue, maybe in the Juan Peron mold, or is he really committed to worker autonomy, democracy, and all that good stuff? You?ve talked with Hugo Chavez. What?s your take?

Palast: what makes the guy an astonishing threat to the Bush World Order is that he insists on keeping the cash from the sale of Venezuela's oil -- shock of shocks! -- in Venezuela! With some lent to the rest of Latin America. Up until now, Venezuela sold us oil then immediately shifted the funds back to the US Federal Reserve. Chavez withdrew the funds from the Fed and, Heaven help us, spent it on building his own nation's economy. Is he a "demogogue"? The word means, spokesman for the people. That he is. Fun trivia: RFK Jr. reminded me that Chavez picked up the line, "Whiff of sulfur" in speaking of Bush from my last book which he had just read.

Dollars & Sense: You write about how, depending on the price of oil over time, Venezuela?s oil could turn out to be a pivot point of huge geopolitical change. Can you explain?

Palast: Internal US Department of Energy analysis (I got my hands on it for BBC; it's in the book) shows that Venezuela, not Saudi Arabia, has the largest reserve of crude. That's a geo-political earthquake.

Dollars & Sense: Are you really convinced that a big devaluation of the Chinese currency would be meaningless in terms of saving U.S. manufacturing jobs by making Chinese exports more expensive? Then why are U.S. policymakers across the political spectrum so obsessed with getting China to devalue its currency?

Palast: You're really asking, Why do politicians feed us bullshit? That's a whole book right there. Both parties are winking and nodding and giggling behind your back that the way to save jobs is to change the value of China's money. It's a brilliant cover for the bi-partisan banging the American worker received with the one-two punch of NAFTA and 'Most Favored Nation' trade status for China. There are 700 Wal-Mart plants in China -- zero in the USA. Hillary Clinton was on the board of Wal-Mart when that shift went into full swing. No wonder she's joining George Bush in talking about baloney like "exchange rates."

Greg Palast is author of ARMED MADHOUSE: From Baghdad to New Orleans -- Sordid Secrets and Strange Tales of a White House Gone Wild, by Greg Palast, newly released in an updated, expanded edition; now in paperback. For more info go to www.GregPalast.com

Catch Palast, Randi Rhodes and Robert F. Kennedy Jr. - live from New York at http://www.youtube.com/view_play_list?p=6C0F65AB2719BDF5
 

bryanz

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Why is gas/oil still so high ? Because the people that control the price keep getting payed every time they raise the price. As long as we keep paying it, the price will go up. When we stop paying, the price will come down. I'm serious. The rest is just bull shit ! How do we get there is the question.
 
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StevieD

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Big oil is bidding up the price. There is not a shortage. More demand yes, that makes for an interesting excuse but reality is big oil is bidding up the price.
 

layinwood

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Stevie, you're correct there isn't a shortage of oil. But there is a shortage in our refining capabilities so hence with the higher usage the higher price. Big oil isn't bidding it up, anyone that can move the price by themselves on the futures market would draw attention to themselves. It's really easy, if you want to make some money put a little cash in PFG Best and buy you some oil futures long.

I say we build some refineries in Mexico. It could be a win win situation. All of the new refineries are going up in Asia and the Middle East. Why not put some up in our backyard so to speak.
 

redsfann

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Why is gas so high--
I could be mistaken but believe it has something to do with price of oil.

High price oil=high price gas :shrug:

:mj07:

Add in the fact that oil is priced in worthless U.S. dollars and that is another reason why oil is at 125+ a barrel.

Caught an amazing story on CNBC last week with T Boone Pickens. He and some business partners are investing over 2 Billion dollars in wind turbines. They asked him why in the world would an oil man be investing in wind power? He replied that he believes the world has reached "peak oil" meaning that the days of finding huge oil fields are done and that the world needs to find alternative sources of power.

http://www.cnbc.com/id/24654895/for/cnbc/
 

StevieD

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Stevie, you're correct there isn't a shortage of oil. But there is a shortage in our refining capabilities so hence with the higher usage the higher price. Big oil isn't bidding it up, anyone that can move the price by themselves on the futures market would draw attention to themselves. It's really easy, if you want to make some money put a little cash in PFG Best and buy you some oil futures long.

I say we build some refineries in Mexico. It could be a win win situation. All of the new refineries are going up in Asia and the Middle East. Why not put some up in our backyard so to speak.

Who do you think is bidding the price up if not Big Oil? I agree with the refineries though. Great point. We can drill all we want but if we don't have the refineries what good is it?

I would be careful about putting money in oil right now. This could be a trap. Once they get the little guy in they pull the rug out from under him and trap him.
 

layinwood

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The people who are bidding it up are the people who invest daily in futures. How would "big oil" do it? Again, anyone or company that can move the market will draw a tremendous amount of attention. I'm pretty sure if the SEC saw oil companies going long in large sums there would be some hell to pay.

With the dollar making a small comebac lately(looks like it could be a lot bigger comeback if we can break some key levels) it should help with the price of oil.
 

StevieD

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The people who are bidding it up are the people who invest daily in futures. How would "big oil" do it? Again, anyone or company that can move the market will draw a tremendous amount of attention. I'm pretty sure if the SEC saw oil companies going long in large sums there would be some hell to pay.

With the dollar making a small comebac lately(looks like it could be a lot bigger comeback if we can break some key levels) it should help with the price of oil.

I have no faith in the SEC as it is today.
 

The Sponge

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I would be careful about putting money in oil right now. This could be a trap. Once they get the little guy in they pull the rug out from under him and trap him.

Exactly Stevie now you are thinking like a handicapper and should put this type of logic into your wagers. All this talk of 11/12 dollars has a reason. Remember the elections are also coming up and i think the stimulus checks are almost spent. I said these prices would be an all time high once those checks rolled in and like clockwork they were. By the way what happen to all that oil Brazil use to use? Shouldn't that have help some? How about all the jobs of ours heading overseas? Shouldn't our factories that are now shut down save a little oil too? I heard a story that these oil companies don't want any more refineries and are happy just the way it is.
 

layinwood

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Stevie, I'm not worried about putting money in now. I put some in futures 3.5 years ago so it makes me no difference. You say trap the little guy but I say different. If the futures start going down then I'll ride them back down. I'm riding the dollar down right now so there's a good chance I'll do the same with the oil futures.

Sponge, do you really think a factory here or there can overcome what China and India as well as other countries are now using.

So if a factory over here closed because our jobs are going overseas then wouldn't that mean a factory over there would have to make up for it thus using the same oil?
 

StevieD

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Stevie, I'm not worried about putting money in now. I put some in futures 3.5 years ago so it makes me no difference. You say trap the little guy but I say different. If the futures start going down then I'll ride them back down. I'm riding the dollar down right now so there's a good chance I'll do the same with the oil futures.

Sponge, do you really think a factory here or there can overcome what China and India as well as other countries are now using.

So if a factory over here closed because our jobs are going overseas then wouldn't that mean a factory over there would have to make up for it thus using the same oil?

You are in a different position then most. You are already in and have been for three years. You also understand about buying on the way down.
Have you noticed all the publicity now telling people to buy oil stocks and futures? When the guys at the barber shop start buying that is the time to start selling.
 

DOGS THAT BARK

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Palast: I know because I have Karl Rove's emails. No kidding. He and his team aren't the sharpest knives in the drawer. They sent copies of their plans to GeorgeWBush.ORG instead of GeorgeWBush.COM addresses -- and they ended up in my in-box. Who says this job ain't fun?

Dollars & Sense: Bush fired eight prosecutors. You were behind the scenes on that story long before it broke in the US. What are they still withholding from us?

Palast: Look, it's all about VOTES. You'll see that the prosecutor that Karl Rove insisted in putting in place is a slithery character named Tim Griffin. He's the guy I busted as the spider-mind behind the "caging lists" which purged thousands of Black voters. The prosecutors fired, as you'll see in Armed Madhouse, include those, like David Iglesias in New Mexico, who refused to bring phony cases of fraud against legitimate voters. It's a matter of economics: the Republican party is systematically knocking out lower-income voters; that makes their purges racially biased -- but my data show that's just the effect of hunting down and attacking the ballot power of working class and poor voters. Disenfranchisement is class war by other means.

Dollars & Sense: Why the hell hasn?t the U.S. press covered the story of Bush?s vultures, election?s theft, Iraq?s oil or any of the other stories you've put on the front pages in Europe?

Palast: Robert Kennedy Jr. just complained to the head of ABC News about the blackout on my stories. (ABC has the right to take my stuff from BBC for free.) I'm not holding my breath for an answer. I call it, The Silence of the Media Lambs. We've got loads of terrific investigative reporters in America, but gutless editors. So the suck-ups to power get the choice posts in metropolitan dailies and on the networks.

Think of the punishment inflicted for the crime of investigative reporting. Seymour Hersh told me he was forced out of the New York Times and Bob Parry, the guy who busted open the Iran-Contra story, was pushed out of the Associated Press. On the other hand, Bob Woodward, who had his journalistic tongue up George Bush's rectum, who went from writing 'All the President's Men' to being one of the President's men, is doing just fine.

Dollars & Sense: Many progressives are focused on privatization of the Iraqi economy, including its oil industry, as Bush?s real goal for the invasion. But you write about two radically different plans within the administration, the neo-cons? versus Big Oil?s?and Big Oil?s plan was the one opposed to privatization. What?s going on here? Plus: any update on how privatization and the whole neo-liberal reshaping of the Iraqi economy are going?

Palast: A lot of intelligent folk believe Bush had a secret plan to grab the oil fields of Iraq before the tanks rolled. That's wrong. He had TWO plans. In Armed Madhouse, I show you both -- the result of two years undercover for BBC. The plans conflict. There's the neo-con plan: Privatize -- that is, sell off -- everything, "especially the oil" industry. That's a quote from the 101-page document which I learned was written by the neo-cons. That didn't happen -- because a Jim Baker team -- he's the lawyer for both Exxon and Saudi Arabia -- secretly wrote a 323-page plan that called for CONTROLLING the oil flow, not owning it. The purpose was to LIMIT the supply of oil from Iraq and keep prices high. This would, "enhance [Iraq's] relationship with OPEC" -- the oil cartel. That's a quote from the document you're not supposed to see.

So here it is: the invasion was about LIMITING the flow of oil from Iraq, keeping prices high, not grabbing the oil to bring prices down for your SUV. The secret Baker plan is now the law in Iraq and prices are over $50 a barrel. MISSION ACCOMPLISHED.

Dollars & Sense: We?ve covered some of the less-told stories of Venezuela under Chavez?for example, how he?s dramatically expanding the co-operative sector of the economy. Some progressives worry though: is he a populist demagogue, maybe in the Juan Peron mold, or is he really committed to worker autonomy, democracy, and all that good stuff? You?ve talked with Hugo Chavez. What?s your take?

Palast: what makes the guy an astonishing threat to the Bush World Order is that he insists on keeping the cash from the sale of Venezuela's oil -- shock of shocks! -- in Venezuela! With some lent to the rest of Latin America. Up until now, Venezuela sold us oil then immediately shifted the funds back to the US Federal Reserve. Chavez withdrew the funds from the Fed and, Heaven help us, spent it on building his own nation's economy. Is he a "demogogue"? The word means, spokesman for the people. That he is. Fun trivia: RFK Jr. reminded me that Chavez picked up the line, "Whiff of sulfur" in speaking of Bush from my last book which he had just read.

Dollars & Sense: You write about how, depending on the price of oil over time, Venezuela?s oil could turn out to be a pivot point of huge geopolitical change. Can you explain?

Palast: Internal US Department of Energy analysis (I got my hands on it for BBC; it's in the book) shows that Venezuela, not Saudi Arabia, has the largest reserve of crude. That's a geo-political earthquake.

Dollars & Sense: Are you really convinced that a big devaluation of the Chinese currency would be meaningless in terms of saving U.S. manufacturing jobs by making Chinese exports more expensive? Then why are U.S. policymakers across the political spectrum so obsessed with getting China to devalue its currency?

Palast: You're really asking, Why do politicians feed us bullshit? That's a whole book right there. Both parties are winking and nodding and giggling behind your back that the way to save jobs is to change the value of China's money. It's a brilliant cover for the bi-partisan banging the American worker received with the one-two punch of NAFTA and 'Most Favored Nation' trade status for China. There are 700 Wal-Mart plants in China -- zero in the USA. Hillary Clinton was on the board of Wal-Mart when that shift went into full swing. No wonder she's joining George Bush in talking about baloney like "exchange rates."

Greg Palast is author of ARMED MADHOUSE: From Baghdad to New Orleans -- Sordid Secrets and Strange Tales of a White House Gone Wild, by Greg Palast, newly released in an updated, expanded edition; now in paperback. For more info go to www.GregPalast.com

Catch Palast, Randi Rhodes and Robert F. Kennedy Jr. - live from New York at http://www.youtube.com/view_play_list?p=6C0F65AB2719BDF5

Oh I see its GW's fault again :)

you might want to explain what we have to do do with Canada's rates and they hold some of largest reserves in the world--take a look at this chart and see what jumps out at you--
http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24
 

THE KOD

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American motorists are understandably grumbling over skyrocketing gas prices as the summer travel season approaches. But their pain hardly registers against the rage afoot in Europe these days. Fishermen, truck drivers and farmers are threatening to bring entire economic sectors to a halt with protests against crippling fuel costs. The wave of angry action is expected to spread further across Europe in coming days, despite efforts by political leaders to feel the pain and figure out how to alleviate it.

Strikes and blockades staged over the past three weeks by French fishermen spread this week to Spanish ports; Italy, Portugal, and Greece expect more of the same on Friday as mariners seek to force national governments to offset marine diesel prices, which have shot up by 40% since January. Single boat owners and entire trawler fleets face a real threat of bankruptcy.

Matters are no better on land. On Tuesday, hundreds of British truck drivers in London and Cardiff brought traffic to a crawl in a campaign to get their government to lower taxes on diesel fuel, which now costs over $11 per U.S. gallon (3.8 liters). Other businesses owners who rely heavily on gas use ? including farmers, ambulance and taxi drivers, and private bus companies ? have joined the protest movement or are preparing to do so.

Those labor protests reflect the hit millions of Europeans are taking at the gas pump. As American drivers groan over prices nearing $4 a gallon, the French are paying $8.67 for a gallon of super, compared to $7.10 in January, 2007. A gallon of diesel in French gas stations averages $8.54, up from $5.35 just a year ago. And in the U.K. diesel costs $11.50 per gallon, compared to around $3.90 in the U.S. Across the European Union, the average cost of a gallon of gas runs to about $8.70 ? more than twice what Americans are shelling out to fill up. And Europe's dizzying fuel costs would be even worse if it weren't for the considerable appreciation of the euro and the British pound against the dollar over the past year, which has partially offset the price escalation in dollar-traded oil.

One big reason for the difference is that European governments put a much higher tax burden on fuel than the U.S. does. State and federal taxes currently make up just 11% of the pump price in the U.S., according to the Energy Information Administration; in France and the U.K., taxes account for an average of around 70%.

Given the growing chorus of angry protests, it isn't surprising that leaders across Europe have begun scurrying for ways to provide some relief at the pump. But their margin for maneuver is limited. On Tuesday, for example, French President Nicolas Sarkozy proposed suspending most value-added tax (VAT) on gas, a measure he said would mean as much as $267 million in savings per quarter to those hit hardest by fuel price increases. VAT rates on gasoline across Europe range from 15% to over 20%, so it's little wonder that Sarkozy's proposal was backed by leaders in Italy and Spain as a painless way to lower prices.

But as Sarkozy himself acknowledged, no nation among the European Union's 27 member states can make such a move without the unanimous approval of the others. Meanwhile, some observers warn that suspending VAT, like the proposed "gas holiday" for U.S. drivers, would deprive governments of sorely needed tax revenues and encourage producers to soak up most of the temporary cost cut. "Changing taxation on fuels in order to combat increasing prices would send a wrong message to producing countries," said E.U. energy spokesman Ferran Terradellas. "This would show them they could increase prices and that the citizens would have to pay."

Others suggest that such short-term efforts to reduce fuel costs send the wrong message anyway to drivers who need to cut consumption. Polls show that 70% of gas-rattled British voters are now unwilling to pay higher taxes to combat climate change. That hasn't stopped some European leaders from taking the bitter pill approach, arguing that today's pain over surging gas prices should be used to encourage longer-term environmental gain. "We don't need one-shot measures," Nathalie Kosciusko-Morizet, the French secretary of state for the environment, told parliament following Sarkozy's proposal, "but rather to free ourselves from oil." True enough. But that's cold comfort for truck drivers, fishermen, and summer vacationers who can't afford to fill up in the meantime.
.......................................................

Europe people are pissed.

They are blocking highways with 20 semis at a time on the expressways.
 

The Sponge

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Oh I see its GW's fault again :)

you might want to explain what we have to do do with Canada's rates and they hold some of largest reserves in the world--take a look at this chart and see what jumps out at you--
http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24

Nah it has nothing to do with them going over to Iraq and them being knee deep in the oil industry.
You see the email that was intercept or did you just read the title.?
 

The Sponge

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So if a factory over here closed because our jobs are going overseas then wouldn't that mean a factory over there would have to make up for it thus using the same oil?[/QUOTE said:
i think it would be a wash or it would save a little since their factory should be a little more energy efficient then our 100 year old factories.
 
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