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Dorgan calls for action on oil speculation

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BISMARCK - The federal government should stop burying the highest quality oil in an underground reserve and quit making it easy for speculators to drive up crude prices, Sen. Byron Dorgan, D-N.D., said Friday, echoing a demand Gov. John Hoeven made a week ago.

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Dorgan said Congress can act on those issues to ease oil and gasoline prices.

Crude oil has gone from about $65 per barrel in April 2007 to $126 per barrel on Friday.

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