Comment Text:
My name is Mark Benson. I drive over an hour each way to work every day. So gas prices matter to me The last time gas went over $4.00 per gallon back in 2008, my monthly gas bill went through the roof and put a strain on my finances. I investigated why prices went up so high and found out that there were a lot of people placing bets on whether the price of oil would go up or down in the futures market, but without actually taking delivery of the oil. I read that a lot of people made a whole lot of money back in 2008, essentially off the backs of other Americans, without doing anything of any social value such as the true futures market is supposed to offer; such as stabilizing the price of oil for farmers and airline companies. Making money off the futures market without taking delivery of the commodities should be outlawed just as is online gambling is outlawed. I urge you to curb excessive gambling in commodities markets like food and oil.
Please put in place effective position limits rules, and do not allow them to be undermined by exemptions or exceptions, or allow Wall Street gamblers to escape them.
Thank you for your consideration
Mark Benson
