Comment Text:
10-002
COMMENT
CL-07940
From:
Sent:
To:
Subject:
goj amie shepard@gmail, com
Monday, April 19, 2010 1:45 AM
secretary
Proposed Speculative Position Limits on Energy
Jamie Shepard
587 Van Buren St
Los Altos, CA 94022-1143
April 19, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
I am writing in support of the CFTC's Proposed Federal Speculative
Position Limits to re-establish speculative position limits on major
energy commodities. In order to provide stability to the marketplace and
help prevent future price bubbles, the CFTC must quickly approve a strong
rule to protect America's struggling economy. Wall Street's speculative
trading in oil not only hurts the economy, but hurts every American who
pays excessive prices at the pump, for groceries, home heating oil and
everything related to transportation.
If we expect to pull out of the economic malaise we faceand truly manage
our energy costs, we desperately need stability and better regulation in
the energy marketplace. I encourage the CFTC to adopt the Proposed Federal
Speculative Position Limits before volatile fuel prices further harm the
country's already weakened economy.
Sincerely,
Jamie Shepard
6508670885
