Comment Text:
I am urging you to adopt speculative position limits that protect American consumers and our economy from the volatility and high prices that excessive speculation causes. Rational commodity markets need effective position limits, transparency and a regulator that guards against market distortions caused by excessive speculation, as well as fraud and market manipulation. The relatively recent shift in allowing the oil futures to be played willy nilly has almost destroyed our economy. This cannot continue without further damage. Now is the time to set these limits in hope that this will be sufficient to provide an opportunity for the fuel prices to return to a more realistic level.
