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Obama urges reins on oil speculators

Barack Obama says he would crackdown on oil speculators as part of his energy plan. He thinks oil speculation is largely to blame for $135-a-barrel crude. And Obama says a loophole inserted into a bill 8 years ago by a Republican who's now a John McCain adviser is behind it.

Tags: budget and tax, campaign finance, economy, private contractors, election 2008, democrats, Barack Obama, Iraq

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