Comment Text:
I am an American citizen who drives approximately 30 minutes to and from
work every day, and our family really feels the effects of every increase in
the price of gas. Therefore, I urge you to curb excessive gambling in commodities markets like food
and oil.
While I know many factors contribute to today's highly volatile
commodity prices, it is clear that excessive investment 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.
Speculation thus 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 strong 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.
