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Nelson: Bush is "cruelly misleading Americans"

No question where Sen. Bill Nelson stands on the question of rolling back the offshore drilling ban. He just sent out a release saying President Bush by lifting the offshore drilling ban is "cruelly misleading Americans for attempted political gain.

"He knows ruining our coastlines won't bring down gasoline prices nor solve our energy challenges," the Florida Democrat said. He notes that a recent administration report found that increasing offshore drilling "will have no impact on gas prices."

Nelson has pointed at oil speculators as the cause of rising prices and is pushing a bill that would ban all unregulated speculative trading in oil futures.