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Oil at $300
Human Events ^ | 07/04/2008 | Terry Easton

Posted on 07/04/2008 8:34:15 AM PDT by ChessExpert

You would think that this story is right out of science fiction. But the facts appear to be that the US Democrat-controlled Congress intends to destroy the Republican middle class with $11 per gallon gasoline.


TOPICS: Business/Economy
KEYWORDS: anwr; carbon; congress; democrat; democrats; economics; economy; elections; energy; energyprices; environment; environmentalism; gasprices; green; iran; israel; kerry; kyoto; liberal; nuclear; oil; rockefeller; soros; taxes
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This provides a nice listing of government meddling in our energy sector
1 posted on 07/04/2008 8:34:17 AM PDT by ChessExpert
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To: ChessExpert

Excerpt!


2 posted on 07/04/2008 8:34:40 AM PDT by ChessExpert (Carbon Dioxide is not a pollutant. It is a trace gas necessary for life on earth.)
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To: ChessExpert

Congress is not helping, but it’s too late anyway. We’re well on the way to the post-industrial stone age.


3 posted on 07/04/2008 8:37:36 AM PDT by RightWhale (I will veto each and every beer)
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To: RightWhale

“We’re well on the way to the post-industrial stone age.”

There’s plenty of fuel out there, and lots of human ingenuity.

We’ve just got to avoid being enslaved by a Congress in thrall to the insane environmentalists.


4 posted on 07/04/2008 8:41:29 AM PDT by devere
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To: ChessExpert

Preventing oil exploration has nothing to do with protecting the environment. It is one of many methods employed by socialists to make people more dependent on the select few who manage the country to create a strong centralized form of government. It’s an excellent way for socialists to destroy our democratic republic and render the Constitution, that is anathema to their beliefs, irrelevant.


5 posted on 07/04/2008 8:42:49 AM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: ChessExpert

If you read the article, it’s very balanced and informative about the role government has in restricting the availability of oil ... in the “comments” section a couple of DUers, David and Leonard, show their sheer stupidity!


6 posted on 07/04/2008 8:44:04 AM PDT by Ken522
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To: devere

http://www.lifeaftertheoilcrash.net/

Not this time. We’re headed off the cliff. It will be a quieter and better place after the next 25 years of pain.


7 posted on 07/04/2008 8:46:14 AM PDT by RightWhale (I will veto each and every beer)
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To: ChessExpert

perhaps they failed elementary school science; animals give off Co2 and plants give off oxygen.


8 posted on 07/04/2008 8:47:56 AM PDT by mtnjimmi (“When you choose the lesser of two evils, always remember that it is still an evil.” Max Lerner)
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To: ChessExpert

bump


9 posted on 07/04/2008 8:50:38 AM PDT by VOA
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To: ChessExpert
I don't know, but somehow the Dems remind me of Wile E. Coyote in the Roadrunner cartoons. Every plan seems so perfect on paper, but always blows up in his face.

The higher oil prices go the more incentive to find a way to do without it. Like most endeavors in the human experience, if you set out to destroy something or somebody and you don't go about it the right way you end up just making it or them stronger.

10 posted on 07/04/2008 8:58:33 AM PDT by jwparkerjr (Sigh . . .)
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To: RightWhale
I assume you forgot the sarcasm tags.
11 posted on 07/04/2008 9:00:24 AM PDT by SoCal Pubbie
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To: SoCal Pubbie

Go ahead and put the sarc tags in. I have just been listening to Matt Savinar explain all this again and find the prospect of half the houses in this town not being heated this winter even with the Gov’s $1200 gift a fairly likely prospect.


12 posted on 07/04/2008 9:07:25 AM PDT by RightWhale (I will veto each and every beer)
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To: RightWhale

Once gas reaches a certain point, let’s say $8/gallon, our service sector employees will decide it’s more expensive to drive to work for their $7-$8/hour jobs. That’s when the poo will hit the fan.


13 posted on 07/04/2008 9:07:26 AM PDT by Zuben Elgenubi
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To: Zuben Elgenubi

Oil at $300 would be about equivalent to total thermonuclear war. Quieter, though.


14 posted on 07/04/2008 9:09:22 AM PDT by RightWhale (I will veto each and every beer)
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To: Man50D

Our government is limiting energy availability (rationing) because they have the final say when it comes to approval for power plants, oil and gas drilling, or any other energy source.

Energy supply is no longer determined by free market and private investment. Our government has effectively nationalized our energy industry.

This is tyranny from an out of control government.


15 posted on 07/04/2008 9:09:33 AM PDT by o_zarkman44 (No Bull in 08!)
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To: ChessExpert
”…The Democrats’ base -- wealthy white “limousine liberals”, and very poor people -- won’t be harmed…

Wanna bet? $11 per gallon gasoline will put a stake through the heart of the world economy making the Great Depression look like kindergarten recess.

The natural outcome will be anarchy, lawlessness, an ‘every man for himself mentality’ followed by endless war (global & civil).

If our ‘limousine liberals’ think they’ll survive this unscathed, they have another thing coming…IMHO.

16 posted on 07/04/2008 9:10:52 AM PDT by ArchAngel1983 (Arch Angel- on guard)
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To: ChessExpert
The RATS have been planning this for about 30 years. Thats where all their energy has been. We're screwed. And the brain dead Americans haven't caught on yet.
17 posted on 07/04/2008 9:11:00 AM PDT by Logical me (Oh, well!!!)
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To: RightWhale
I'm just trying make sure I understand you. You really believe we are headed for a worldwide economic and energy collapse, followed by a “Canticle for Leibowitz ” like existence?
18 posted on 07/04/2008 9:14:25 AM PDT by SoCal Pubbie
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To: RightWhale
Congress is not helping, but it’s too late anyway. We’re well on the way to the post-industrial stone age.

It is not too late. The winds of change are blowing, even here in Santa Barbara County where the no offshore drilling movement began. The Drill Here/Drill Now movement is taking hold.

Last night I spent a good amount of time talking to a hippie drummer friend who is married to a biologist who writes environmental impact reports. This is a very green couple. The drummer agreed that drilling can be done much more safely and efficiently now and we need to drill offshore to become energy independent. We both conceded that everything needs to be on the table, and everyone needs to be at the table to resolve our energy problems and devise a plan for energy independence.

My husband works for a major energy company as did his father and my father and I know a thing or two about this. There is reason to be very optimistic but we need to keep alerting folks to Newt's Drill Here/Drill Now movement.

19 posted on 07/04/2008 9:16:21 AM PDT by Zevonismymuse
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To: ChessExpert

The clearing price for gasoline is 4.00 per gallon. There is about to be big change, but it will come from McCain, not Obama.


20 posted on 07/04/2008 9:18:52 AM PDT by TexanToTheCore (If it ain't Rugby or Bullriding, it's for girls.........................................)
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To: SoCal Pubbie

Sure looks that way. It won’t happen overnight. We’re going off the cliff at speed and will be airborne for about 25 years.


21 posted on 07/04/2008 9:19:04 AM PDT by RightWhale (I will veto each and every beer)
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To: RightWhale
Nice to see that optimism reigns supreme with you! [/sarc]

IRT OP: All we have to do is keep up the fight to change things. Drill here, drill now.
22 posted on 07/04/2008 9:21:00 AM PDT by arderkrag (Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
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To: Zevonismymuse

I know. Spending every last dime on drilling might buy us an additional year or two. But then we will really be out of ideas.


23 posted on 07/04/2008 9:21:10 AM PDT by RightWhale (I will veto each and every beer)
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To: SoCal Pubbie
"Pound pastrami, can kraut, six bagels--bring home for Emma."
24 posted on 07/04/2008 9:21:41 AM PDT by Zuben Elgenubi
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To: arderkrag

Perhaps you can enlighten me on just exactly how we will drill here now......(A 35 year drilling consultant for BP wants to know.)


25 posted on 07/04/2008 9:24:34 AM PDT by PSYCHO-FREEP (Juan McCain....The lesser of Three Liberals.")
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To: arderkrag

If you ever hear that Matt Savinar will be speaking in your town, run for the hills. He has some severe numbers and slogans. Won’t be pleasant.


26 posted on 07/04/2008 9:25:28 AM PDT by RightWhale (I will veto each and every beer)
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To: ChessExpert
In Canada, the price is $6.50 (American gallon) with neary a whimper from the collective citizen. It cost the local farmer about $1500 to fill his combine. I would be screaming.

We spoke with a Canadian oil worker who said it will be $9.00 by next year.

27 posted on 07/04/2008 9:26:16 AM PDT by BigFinn (AlGore = the 'Carbonista')
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To: RightWhale

Trust me, I’ve heard all the gloom-and-doom “proof” about a thousand times. Hasn’t stopped me from being optimistic yet.


28 posted on 07/04/2008 9:26:41 AM PDT by arderkrag (Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
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To: ChessExpert

Do Nothing Nancy is working on a solution right now. Do you think vanity plates will be Mon or Tues?
If you like $5/gal, Thank Congress. If you want $10, Vote Obama.

Pray for W and Our Victorious Troops


29 posted on 07/04/2008 9:27:25 AM PDT by bray (Drill Congress!!!)
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To: RightWhale

It will take at least 2 years of building 1000 new rigs per year, to bring the rig count back to where it was in the ‘70’s. Then, to get that oil into production will take at least another 3 to 5 years. (Some as much as 10.)


30 posted on 07/04/2008 9:28:44 AM PDT by PSYCHO-FREEP (Juan McCain....The lesser of Three Liberals.")
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To: o_zarkman44

He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained;

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.


31 posted on 07/04/2008 9:30:24 AM PDT by Leisler
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To: Ken522

the big oil companies have done pleny themselves to restrict the flow of oil. If they keep the market just at demand without having much excess, they can keep the prices high. Opec admitts to restricting production! And the major American companies have closed down about 150 refineries in order to limit supply. Take a look at ...thetruthbehindhighfuelprices.com. It is a big mistake to put all of the blame on the liberals, although their restrictions on drilling have hurt also. The oil companies have had a sort of monopoly on our energy needs and have taken full advantage of that. As we get more and more good competition from sugar alcohol like Brazil has done and electric cars with the new 120-240 mile range for pennies per mile...then we will see the price of gas drop to a reasonable amount. Who will want a gas car if there are better alternatives than buying $4.00 a gallon gas which doesn’t burn as clean as alcohol? Drill more, yes, if the oil companies will, and full steam ahead with the alternatives like should have been done long ago...it’s the free market for crying out loud.


32 posted on 07/04/2008 9:32:18 AM PDT by fabian
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To: arderkrag

I am optimistic, too. My only worry is the chaos the panic will bring when the current crop of residents figure out they can’t carry enough fuel to drive back to civilization.


33 posted on 07/04/2008 9:33:54 AM PDT by RightWhale (I will veto each and every beer)
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To: RightWhale

“Predictions of imminent catastrophic depletion are almost as old as the oil industry. An 1855 advertisement for Kier’s Rock Oil, a patent medicine whose key ingredient was petroleum bubbling up from salt wells near Pittsburgh, urged customers to buy soon before “this wonderful product is depleted from Nature’s laboratory.” The ad appeared four years before Pennsylvania’s first oil well was drilled. In 1919 David White of the U.S. Geological Survey (USGS) predicted that world oil production would peak in nine years. And in 1943 the Standard Oil geologist Wallace Pratt calculated that the world would ultimately produce 600 billion barrels of oil. (In fact, more than 1 trillion barrels of oil had been pumped by 2006.)

During the 1970s, the Club of Rome report The Limits to Growth projected that, assuming consumption remained flat, all known oil reserves would be entirely consumed in just 31 years. With exponential growth in consumption, it added, all the known oil reserves would be consumed in 20 years.”

http://www.reason.com/news/show/36645.html

As for me, I’ve seen enough doom and gloom prophets come and go in my fifty years, from race wars to DDT to Y2K, that all pass, thank you.


34 posted on 07/04/2008 9:34:24 AM PDT by SoCal Pubbie
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To: RightWhale

I don’t think there will be any “panic” other than the proper kind, a panic to strat drilling now, which is already going on. You’re buying into this “peak oil” nonsense faaaarrr too easily.


35 posted on 07/04/2008 9:35:42 AM PDT by arderkrag (Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
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To: PSYCHO-FREEP

That’s right. It’s never coming back. With any luck it (the Industrial Age) will simply fade slowly and quietly into folk mythology.


36 posted on 07/04/2008 9:37:09 AM PDT by RightWhale (I will veto each and every beer)
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To: ArchAngel1983
I can't remember if it was pre Civil War, or post. Anyways, an Army unit was out west, for years, trying to subdue a Indian Tribe. Finally an informant told them where in the mountains the tribe had it's winter camp. The unit went out, and found it, but waited till dawn, then they rode down and took, scared away all the horses, and left.
Mountains. Winter. No horses.
That following spring the tribe presented themselves to the Army at the fort. Oil is our horses, the socialistic welfare society is the fort, and the Army is the Democrat/socialist lawyers, writers, teachers that are attacking this country by other means.
37 posted on 07/04/2008 9:37:40 AM PDT by Leisler
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To: SoCal Pubbie

I am aware of all that and the cursed Club of Rome. I am fairly well disposed to most people, but the demons from hell who prepared that Limits to Growth publication need to stay out of range.


38 posted on 07/04/2008 9:40:36 AM PDT by RightWhale (I will veto each and every beer)
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To: RightWhale

“Go ahead and put the sarc tags in. I have just been listening to Matt Savinar explain all this again and find the prospect of half the houses in this town not being heated this winter even with the Gov’s $1200 gift a fairly likely prospect.”

yes. I’m trying to come to terms with the fact that our 7 yr. old very expensive oil fueled furnace is now useless to us.
We have to figure out a way to heat a fairly large home (not a McMansion - but a remodeled farmhouse) that runs on baseboard heat.
We can keep the upstairs chilly, but don’t want to burst water pipes.

Need to keep downstairs warm though - young kids and 2 babies.


39 posted on 07/04/2008 9:42:14 AM PDT by Scotswife
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To: RightWhale
Spending every last dime on drilling might buy us an additional year or two.

The lease where my husband works has wells that are 50 years old that are still in operation and are expected to keep producing for 20 years. This is one small lease.

In California alone there are reserves that are off limits to recovering oil but could be brought into production tomorrow with the stroke of a pen. We have plenty of oil.

40 posted on 07/04/2008 9:43:02 AM PDT by Zevonismymuse
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To: arderkrag
You’re buying into this “peak oil” nonsense faaaarrr too easily.

We had our chance, but killed the coal-to-liquid plants, the Superconducting Supercollider, the Apollo moon program, got the 1967 UN Outer Space Treaty to shut down all space development, stopped new and continuing nuke plants, sent the Army to occupy the world's main oil patch; the frog didn't notice the water was getting warmer even though he was told 30 years ago (Jimmah Carter said so and he was right for once but failed to act correctly) and now we still have 30 years of work to do and still haven't ordered the first truckload of steel. It will be expensive and we are already $20 trillion in the hole for no result whatsoever. Great track record.

41 posted on 07/04/2008 9:49:52 AM PDT by RightWhale (I will veto each and every beer)
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To: Scotswife

It sounds like you have water heat, driven by an oil boiler.

May I suggest looking into a modern digital electric boiler? Electric heat is now much cheaper than oil or gas and most states offer an “Off Peak rate” for just pennies per KWH. You can also supplement them with a dual source Wood Boiler that takes the primary load and switches over to Electric when the fire drops below a sustainable level.

I have a system like this, and I only run electric because it allows me to heat 3800 sq.ft. for about $150 per month. I also use it to heat water for showers, etc...

If I tried to use oil for heat, it would cost me around 700 to 800 dollars per month.


42 posted on 07/04/2008 9:50:48 AM PDT by PSYCHO-FREEP (Juan McCain....The lesser of Three Liberals.")
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To: PSYCHO-FREEP
Perhaps you can enlighten me on just exactly how we will drill here now......

Contract the rigs. Bring in ships from the gulf. Lets go. As a 35 year drilling consultant for BP you should know how easy it will be. My husband, who is cooking eggs right behind me, acting as my official drilling consultant, has 35 years in the business, is a Natural Resource Scientist and is an automation specialist for a major oil company. His father worked on drilling rigs for 40 years and my father was a Standard Oil Accountant.

We know we can drill here now. There just has to be the will to do it.

43 posted on 07/04/2008 9:50:54 AM PDT by Zevonismymuse
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To: RightWhale

You know, somehow people heated their homes before, and they will heat their homes again.

If the price gets so high nobody can afford it, then nobody will buy it. If nobody buys it, the people who supply it go bankrupt. Except they don’t want to go bankrupt, so they will lower the price.

Of course, the more government proves they will step in and pay “whatever it takes”, the more likely it is the price will go up. Government subsidies are what is ruining the ability of people to heat their homes.


44 posted on 07/04/2008 9:51:16 AM PDT by CharlesWayneCT
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To: CharlesWayneCT
If the price gets so high nobody can afford it, then nobody will buy it. If nobody buys it, the people who supply it go bankrupt. Except they don’t want to go bankrupt, so they will lower the price. Of course, the more government proves they will step in and pay “whatever it takes”, the more likely it is the price will go up. Government subsidies are what is ruining the ability of people to heat their homes.

Percisely. There's no oil supply problem. the problem is the subsidized, government-based market. If government would get out of the equation, oil prices would go into free-fall mode.
45 posted on 07/04/2008 9:54:17 AM PDT by arderkrag (Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
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To: RightWhale

If you watch the stupid channel “Green Planet”, you will see example after example of people who have all the modern comforts of home, and are completely energy independent.

It costs a bit of money, but three trillion dollars would pretty much do it for 300 million of us (about $10,000 per person). That’s a LOT of money, but about what the government spends in a year.

So while we WON’T make everybody energy-independent, we have the ability to do so, just not the reason to do so.


46 posted on 07/04/2008 9:54:21 AM PDT by CharlesWayneCT
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To: Scotswife

Unfortunately will prove to be a very common story this winter. I am thinking of the family up the road that built an 8000 ft house. They should be putting in insulated partitions so they can heat just a couple rooms and let the rest go to ambient, which could be 50 below.

Plumbing? Drain the pipes. Carry water in buckets like our grandparents did: they did okay.


47 posted on 07/04/2008 9:54:31 AM PDT by RightWhale (I will veto each and every beer)
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To: Zevonismymuse

All that will buy an extra year.


48 posted on 07/04/2008 9:55:55 AM PDT by RightWhale (I will veto each and every beer)
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To: Man50D
Bump! It is becoming increasingly clear do those lucky enough to be educated by something other then the socialist government schools that socialist government is the problem. Two bad both major political parties, plus the MSM are in bed (for thier own reason) with the socialist globalists. And yes the American middle class with it's uppity Constitution have a bull's eye on thier back.

Our ruling elite are envious of the Mexican oligarchy and with to impose the same here. Devaluing our dollar is just another way of stealing middle class wealth.

49 posted on 07/04/2008 9:56:03 AM PDT by jpsb
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To: PSYCHO-FREEP

We don’t need as many rigs, because we have much better technology, so we can do with a lot fewer exploratory holes in the ground.

And if we get to where we really need 2000 more drill platforms, we’ll build them, or come up with something better.


50 posted on 07/04/2008 9:56:20 AM PDT by CharlesWayneCT
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