Comment Text:
10-002
COMMENT
CL-01369
From:
Sent:
To:
Subject:
[email protected]
Wednesday, April
14, 2010 2:53 PM
secretary
Proposed Speculative Position Limits on Energy
Bill Kramer
3041 Bradenbaugh Rd
White Hall, MD 21161-8981
April 14, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
I support limits on petroleum speculation as a matter of national
security. Our economy is heavily dependant upon the free trade of
petroleum and is hampered by speculation that drives up the cost for the
short term gain of only a few. Your current proposal only regulates four
specific petroleum commodities. That does not go far enough and actually
could hurt overall petroleum markets if only a subset of the market is
regualted. All petroleum commodity markets should be regulated as you are
proposing to prevent or at least reduce the price spikes caused by
speculation. Petroluem is unlike other commodities. We have to have and
use petroluem, other commodities we can choose not to use.
Sincerely,
Bill Kramer
410-692-5888
