Comment Text:
I am a resident of Wisconsin and in the center of a urban triangle of Madison, Milwaukee and Chicago. I often drive to these cities - to see a son who is in the university, to use the airports, to shop, for entertainment, for sports, and more. Our family feels the effects of every increase in the price of gas - especially because there is no efficient mass transit in our area that is accessible between these cities.
I urge you to curb the clearly excessive speculating and gambling in commodities markets of such critical resources as food and oil.
There are many factors that contribute to the contemporary highly volatile commodity prices but it is clear that excessive speculation is playing a major role and speculators must be held partially responsible, as shown in dozens of studies by respected institutions such as Princeton, MIT, Petersen Institute, University of London, Yale, the United Nations and the U.S. Senate.
Speculation as is taking place today imposes financial hardships on families around the country. Sudden rises in gas and food prices force Americans to make very difficult decisions and sacrifices for simple survival. This is especially true right now and especially in Janesville where unemployment continues to be rampant after the GM factory closed a couple years ago, with so many families struggling, and unemployment barely beginning to decrease, we cannot allow speculators to unduly affect our food and gas prices.
Please put in place effective position limit rules. Do not allow them be undermined by exemptions or exceptions, or allow Wall Street gamblers to run rough shod over them in maneuvering for personal profit and gain over the welfare of the citizenry.
Thank you for your consideration.
