Comment Text:
I spend over an hour (each way) in traffic every day, just going to work and back home. The higher gas prices are making billionaires rich, and we are constantly having to cut-back in order to pay for gas TO DRIVE TO WORK. This means, less of our dollars are going to the local stores and community and straight into the pockets of the huge oil companies, which my taxpayer dollars STILL subsidize for countless billions of dollars each year, all the while these same companies are posting record profits in the billions of dollars EVERY QUARTER.
What is wrong with you people?
I urge you to curb excessive gambling in commodities markets like food and oil.
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.
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 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.
