Comment Text:
My name is Laura Lewis. I drive 30 minutes to and from work every day and I feel the effects of every increase in the price of gas.
Necessities such as food and oil should not be used as gambling chips by financial players.
While many factors contribute to today’s highly volatile commodity prices, it is clear that excessive speculation is 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.
Market volitility caused by speculation imposes financial hardships on families around the country. Sudden rises in gas and food prices force us to make difficult decisions and sacrifices. Especially right now, 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 limits rules to control gambling with human necessities. Exemptions or exceptions undermining the rules should not be allowed or given to banks, hedge funds or other financial players.
Thank you for your consideration.
