Comment Text:
To Whom it May Concern,
My name is Carrie Staton and my husband and I live in the mountains, driving 30 minutes into town each day for work. Gas prices have recently gone through the roof and are really hurting our family. Last month we spent more than $500 on gas and it is already going up this month. While we plan to trade our current vehicles in for more fuel efficient cars in the the next year and move to town within the next ten months, this does not help us now.
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.
Sincerely,
Carrie S. Staton
