Comment Text:
Our compnay has been serving its customers for over 100 years. We currently employ more than 350 individuals and provide heating fuels to over 50,000 customers in Maine and New Hampshire. Providing price predictability and the security that goes with it is one of our most popular value added products.
For years the futures market was the vehicle with which we were able to offer such peaceof mind to our customers. In the early years, option prices were extremely reasonable. Today, given the volatility in commodity pricing due in large part to excessive speculation by non petroleum industry participants, the costs are exorbitant.
On behalf of our family owned company, the families of our employees,and the families of our customers I urge to implement this rule and bring more stablity to this critcal maketplace.
Thank you for your attention.
