Bud Brigham
@bmbrigham
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3,708
Following
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Husband & Father, Energy Entrepreneur and Capitalist. Fighting for individual freedom = prosperity, for my children and posterity.
Texas
Joined September 2012
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@RWMaloneMD
“You can ignore reality, but you cannot ignore the consequences of ignoring reality.” - Ayn Rand
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“The biggest threat to our future isn’t climate change, China or the national debt. It is the tyrannical grip that a hopelessly corrupt higher education now has on our national life. If we don’t stop it now, it will eventually destroy the most successful society in world
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Time to end systemic racism.
BREAKING: Texas legislators have introduced a bill to abolish the DEI bureaucracies in every public university in the state.
Our campaign against left-wing racialist ideology is rapidly building momentum and we will not stop until colorblind equality is the law of the land.
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Very encouraging for the people of Argentina.
REMARKABLE! In his first act, newly sworn President of Argentina, Javier Milei, signs an executive order reducing the Argentine government from 21 Departments to 9. A major reduction of bureaucracy and overhead. Impressive.
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@VivekGRamaswamy
Corrupted by the political climate catastrophism campaign at the expense of their fiduciary obligations to their shareholders. Should send a clear message to other managers and investors, honor your fiduciary obligations and don’t be distracted by political/cultural agendas.
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WOW. Impressive principled political leadership.
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Incredible. A university actually discriminating against students who are interested in employment with fossil fuel companies. Birkbeck university banning fossil fuel companies from recruiting students
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"When you see that in order to produce, you need to obtain permission from men who produce nothing - When you see that money is flowing to those who deal, not in goods, but in favors - When you see that men get richer by graft and by pull than by work, and your laws don’t protect
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Coal Comfort: Total Collapse in Wind & Solar Output Leaves Freezing Germans Desperate for Coal-Fired Power | STOP THESE THINGS
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This is incredible. Please watch at least the first part, I never thought I’d see this day. It’s almost as if John Galt has been elected President of Argentina.
Javier Milei just gave a speech announcing massive deregulation of the economy in Argentina.
I liked how he opened the speech: condemning the philosophy that led Argentina to the situation it’s in today.
Watch the beginning of
@JMilei
’s speech with English subtitles below 👇
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Well deserved recognition for the great people of the Permian Basin and American Shale!
For the first time in nearly 70 years, the United States has become a net energy exporter!
We are the number one producer of oil and natural gas on Earth 🇺🇸
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@DrJBhattacharya
Protect the vulnerable, but stick to the US Constitution-trust the people & their rational self interest. Locking down healthy people that were not at risk allowed the virus to circulate longer eventually reaching those that were vulnerable. Sweden demonstrated this empirically.
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This is quite the understatement, but the Strategic Petroleum Reserve should not be used as a piggy bank to enhance the election prospects for the political party in power.
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@AOC
Wind and solar faded just when Texas needed energy the most. Lives are at stake. Thank God natural gas power generation expanded, and could do more but for the substantial investments in ‘green’ capacity over recent years, at the expense of reliable natural gas capacity. Facts.
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Oil and gas industry trolls North Face with new billboard campaign
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Criminals don't obey laws. Chicago, Detroit and D.C., with strict gun laws = horrific gun homicide rates. TX is low.
Even if you ban all guns in USA, terrorists will still find ways to kill Americans. See Europe...
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I beg to differ. The conservative answer should be “Energy Freedom”. Stop the government coercion and distortion, stop picking winners and losers, let them compete in a free market. Go back to a free market in energy & we will again enjoy abundance, security & flourishing.
This NEEDS to be the conservative answer to America’s question around energy production.
@GlennYoungkin
gets it exactly right.
Awesome 👏
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Well-meaning by some, ESG is another Trojan Horse acronym used to attack property rights and economic liberty by others. Regardless of intent, it is the politicization of commerce. ESG undermines sustainability, economic performance and ultimately ends in destruction.
ESG is often well-meaning but it is deeply flawed. The industry is a mess and needs to be ruthlessly streamlined
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Anyone compromising on their obligation to investors by inserting political or special interest agendas ahead of their fiduciary responsibility to investors should be ashamed, whether you call it “ESG”, “Stakeholder Capitalism” or “Conscientious Capitalism”. For the sake of
BlackRock CEO Larry Fink admits DeSantis hurt his company when he pulled $2 billion in assets from the firm, and basically says he’s been bullied by DeSantis into being “ashamed” to be part of ESG political debate because the term has a negative connotation now. Amazing.
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It’s time for those who advocated for the climate hysteria and the associated political coercion, and that now know better, to accept responsibility, admit their mistake, and help the world course adjust. The sooner they do that the less regressive damage is done.
How a fake climate emergency created a real energy emergency
The false idea that fossil fuels' climate impacts are an "emergency" that requires us to rapidly eliminate fossil fuels has caused an energy emergency.
The "climate emergency" movement must be held accountable.
🧵👇
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Joe Biden’s Plan to Sunset Federal Drilling Permits Could Eliminate 120,000 Texas Jobs | The Texan
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Who is John Galt?
$LUV CEO says they are short on workers, especially flight crews
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Go woke, go broke. Instead, let’s focus on excellence. Fulfill your fiduciary obligation to shareholders. Don’t capitulate to coercive political or special interest agendas. Let’s reinvigorate American exceptionalism.
BP will take another $600 million in write-downs on its 4Q earnings linked to its US offshore wind business -- that's on top of the ~$500 million it already took in 3Q.
That's >$1 billion of shareholder money gone down the drain. Sure the strategy is working |
#OOTT
$BP
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Excellent & Spot On from Vivek. “… law is clear: Corporate boards are obligated to act with the sole purpose of advancing the best interests of stockholders. Chevron, Apple and Disney should take notice — and owners should assert their rights.”
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Outstanding short video, highly recommend!
Their War On Oil Is A War On Capitalism via
@YouTube
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“We’ve concluded that management in our company can’t create value for shareholders by going into wind and solar,”
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One size Does Not fit all!
If you're wondering why
@GregAbbott_TX
hasn't issued a statewide shelter-in-place order, this is why.
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I’m turning my back on North Face. You?
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Stockholm Expected To Reach Herd Immunity In May, Swedish Ambassador Says : NPR
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@Sammy_Roth
@philwillon
No such thing. The grid is not and will not be zero emissions (solar and wind are intermittent, unreliable and not emissions free). And even if California wants to regress a century to human powered rakes and push mowers humans of course emits CO2.
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Very encouraging to see financial leaders pushing political and special interest forces out of commerce. Reinvigorating fiduciary integrity is good for shareholders and human flourishing.
BREAKING:
@BlackRock
has followed the lead of JPMorgan and State Street by withdrawing their over $9 trillion in assets under management from Climate Action 100+, after facing increased antitrust scrutiny over their involvement with the climate cartel.
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Outstanding Thread
We are on the brink of global famine due to energy shortages and yet progressive politicians are threatening to tax energy producers and refusing to remove barriers to production
This graph of skyrocketing fertilizer prices is the scariest chart in the world right now
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The results are in - pushing politics into commerce destabilizes markets while diminishing corporate returns & flourishing. It’s time to reinvigorate corporate integrity - restore discipline in governance & renew the drive for excellence & exceptionalism.
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The study from the Texas Public Policy Foundation (TPPF) found, for example, that the average 2021 electric vehicle “would cost $48,698 more to own over a 10-year period without $22 billion in government favors given to EV manufacturers and owners.”
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Progressive policy on energy is regressive, hurting the poor and working class the most.
To institutions divesting from fossil fuels: By discouraging the lowest-cost form of reliable energy you are not making the world a better place to live. You are *keeping* the world a terrible place for the billions of desperately poor people who desperately need abundant energy.
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True
Chip Roy is an independent-minded, rock-ribbed conservative who’s in it for the right reasons—good for him for offering the GOP caucus a choice and not an echo
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According to Texas Public Policy Foundation, for every 39 cents the oil-and-gas industry received in federal taxpayer subsidies from 2010 -19, the wind industry received $18.86, 48 X’s as much, and the solar industry received $82.46, 211 X’s as much.
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@bfcarlson
She was correct. Our Constitution was the 1st to recognize individual rights & the essential right to property. John Adams stated, "Property is surely a right of mankind as real as liberty." Unfortunately, we are increasingly sacrificing individuals and their property to the mob.
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Divest from Texas, and we will divest from you.
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Mr. Trump pulled out of the Paris Climate Accord and eased Obama-Biden climate regulations, and the U.S. is still leading the world in CO2 reductions.
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Very good read, “… the ESG movement should be met with as much scorn and ridicule as humanly possible. If successful, it will lead to the dismantling of critical energy infrastructure that will end with hundreds of millions of lives lost.”
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We are living Atlas Shrugged.
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Thank God we still have some men and women of integrity and courage in science, not corrupted by power and money. We all should read Steve Koonin’s book.
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Tough for the Biden campaign to sell the Green New Deal during consequential rolling blackouts
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@elonmusk
@pmarca
While well intended by some, ESG is a Trojan Horse politicizing commercial enterprises. It co-opts ownership for political/cultural agendas @ the expense of econ liberty & prod’n. It corrupts decision making & as we see on a tragically grand scale ultimately leads to destruction.
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Fossil fuels have lifted billions out of poverty, but still 1 billion without electricity. Biden policies disastrous for the poor, middle class and the environment.
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Chris Wright “one third of the global population — cook their daily meals burning wood and dung and have either no electricity or only modest, intermittent access to electricity. I can think of no starker illustration of the immense inequality”
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Advocating more government involvement in energy, when it’s government’s coercion and restrictions on domestic oil and gas producers that has driven costs and prices higher, is doubling down on a losing hand. And it’s particularly destructive for the poor and the working class.
Shell CEO Says Governments Need to Tax Energy Firms to Help Poor
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Thank God we live in America, where property rights are enshrined via fiduciary duty. Good to see our system can work to protect us from political coercion.
BREAKING:
@BlackRock
has admitted that their core business could be "materially adversely affected" by CEO Larry Fink's continued ESG activism, citing it as a key risk factor in their annual filing with the SEC.
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“Ratings firms should be required to prove that their rating methodologies complement their customers’ fiduciary duty to their clients and only include products that consider the expected future financial returns of a company — not ancillary ESG factors.”
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Government coercion tilting the playing field corrupts markets, destroys capital, diminishes productivity, creates instability, ultimately and generally regressively at the expense of human flourishing.
Ford lost $2.1 billion in 2022 for its E-V unit. It projects to post a $3 billion operating loss on its EV business this year. And now it’s expanding its EV unit. Perfect example of government-driven industrial policy that’s doomed to fail. Insanity.
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Credit to Dr Dessler, it’s rare for a climate alarmist to debate, particularly opposite Alex Epstein. Strongly recommended. “Should America Rapidly Eliminate Fossil Fuel Use to Prevent Climate Cata...” via
@YouTube
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@prageru
Socialism destroys wealth and unplugs the motor that creates it (rational self interest).
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From Mark Mills: “History shows that when it comes to sources of energy, transitions don’t happen; additions do.Wood, society’s oldest energy source, still supplies threefold more global energy than does the combined output from all wind and solar…”
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CDC Director Dr. Redfield regarding children under 18 “the risk per 100,000, so far, you know, into the outbreak, six months into it, is, in fact, that we’re looking at about .1 per 100,000,” he said. “So another way to say that, it’s one in a million.”
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“Using other people’s money to pursue public policy goals undermines democratic accountability and degrades the efficiency of financial markets in allocating capital to where it’s likely to generate the most value, …”
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We need more leaders like this.
It takes courage for a president to come to an ideological-centered conference. Milei has that courage. We don’t agree on some fundamental ideas, but his commitment to and understanding of the power of philosophical ideas is impressive. It makes him a unique type of leader.
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Texas should not be in lock down. We are not NY. NY has ~61 times the deaths per capita of Texas. STOP picking winners and losers and central planning. Stick to our values, it’s worked for over 2 centuries. Provide facts, suggested protocols and let people work!
Re: COVID-19, in Texas:
49 counties have 0 cases
144 counties have less than 10 cases
170 counties have 0 deaths
231 counties have less than 5 deaths
.087% of Texans have confirmed cases, nearly half (45%) are in just 5 counties
.0023% of Texans have died from COVID-19
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“On average, four times more people die of the cold. And yet when we have terrible winters, we don’t blame that on climate change. We just call that winter because it doesn’t fit the narrative that the planet is getting warmer…”
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@VivekGRamaswamy
ESG is not sustainable, it’s parasitical & destructive. Capitalism is sustainable. Managers appropriately focused on value creation for the owners compounds constructively, to the benefit of all legitimate stakeholders, including communities & the environment.
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Wind Turbine Blades Can’t Be Recycled, So They’re Piling Up in Landfills
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We are so excited to have our new book, Fossil Future, by Alex Epstein!
My new book Fossil Future comes out today, and not a moment too soon.
Anti-fossil fuel policies have caused a global energy crisis--which is now causing a global food crisis.
Fossil Future proves definitively that the world needs *more* fossil fuels.
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Why are we taught to call a technology "green" while it has a high likelihood that it will emit the same or more CO2 than a technology that is not baptized "green"?
A study by VW found a battery electric vehicle (BEV) can have a larger CO2 footprint than an internal combustion engine (ICE).
Why are we taught to call one technology “green” while it is only occasionally better and often equal or worse?
#energy
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@VivekGRamaswamy
Thank you Vivek, well said. It’s a direct attack on the integrity of our institutions. An attack on governance & ownership, of both our governmental & corporate entities. It’s at the expense of voters & shareholders, for elitist special interest & collectivist agendas.
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Their is a virtuous relationship between economic freedom and abundant/affordable energy. It’s circular, the more economic freedom, the more abundant and affordable our energy is, thereby driving up human flourishing. The more govt involvement, the less of both.
@jeremyntrimble
@bmbrigham
I’d argue it “only” happened because of a breakthrough of a new abundant, reliable, and affordable energy source which launched the Industrial Revolution and allowed Free Markets to thrive. No fossil fuels, no free markets.
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Very well stated. The Left’s money printing is regressive, hurting the poor and the working class the most, while benefitting the rich.
Stan Druckenmiller on the Fed and the coming inflation/bust. (Early 2021)
One of the brightest ever.
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@VivekGRamaswamy
I criticize it because I view property rights, and the fiduciary obligation of mgrs to owners, as sacred. Further, I recognize that to the degree those obligations are corrupted by special interests & political agendas, is the degree that human flourishing will be diminished.
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Excellent Thread on the Impossible Math of Energy Storage & Associated Environmental Fallacy of Intermittent “Renewables”
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Well stated. It is wrong to use other people’s money for your own political agendas.
Larry Fink is the king of the woke-industrial complex. Americans deserve to know more about how his decisions affect their lives.
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Here's What Is Really Happening In The Permian Basin
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Fossil fuels save lives. Human suffering without oil and gas would be unimaginable.
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We are living Atlas Shrugged. Ayn saw it and lived it intensely in Russia and her novel was prophetic about our future.
Why is Ayn Rand Still Relevant: Atlas Shrugged and Today’s World
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Very encouraging development for South America!
BREAKING: Javier Milei has been elected as the next president of Argentina.
Here is Milei going off on socialist politicians, calling them "parasites" for stealing from their people.
"This is a society infected by socialism and what we need to achieve is to remove socialism
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“one of the most basic lessons of history: people innovate, government regulates. Innovation springs from reduced government interference and micromanaging, not from sprinkling billions of dollars at new research offices within various cabinet departments”
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Interesting read. “This evidence suggests we are uncovering the most serious, coordinated, and large-scale violation of First Amendment free speech rights by the federal government’s executive branch in US history.”
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Energy Crisis is a Big Problem
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US Energy companies created the shale revolution, disrupting world energy markets making energy affordable & the world safer. We must step up to stop government’s market distortions that are increasingly elevating energy costs and endangering humanity.
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Ayn Rand had it right.
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Sadly, too many people, including some of our largest influencers, have a very poor understanding of capitalism, as evidenced here.
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Refreshing to have an investor encourage Chevron to focus on value creation as opposed to ESG political agendas (eg. climate catastrophism). The sooner companies resume fulfilling their fiduciary obligations the sooner all legitimate stakeholders benefit.
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Good. US operators already pay a carbon tax, it’s called a severance tax.
Bravo, Vicki. Occidental CEO Rejects U.S. Carbon Tax in Break With Oil Rivals - Bloomberg
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Abbott: 'We are passing a law to ban DEI in our universities' | Lone Star Standard
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Exactly. “Mr. Buckley effectively claims that ESG managers are playing the fool and taking their clients’ money with them.”
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Devastating risks of transitioning to 'green' energy: Mining for electric-powering minerals has left 23 million people exposed to toxic waste, 500,000km of rivers polluted and 16 million acres of farmland ruined | Daily Mail Online
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