Comment Text:
I urge you to curb excessive gambling in commodities markets like food and oil, particularly oil.
Even with a hybrid car, I am constantly losing when it comes to gasoline prices. I drive 75 miles roundtrip to my job, and it's starting to feel like I work to pay for the gasoline to get me there!
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.
While you're at it, stop mucking around with your political nonsense, and start doing your jobs as legislated. The finance bill is now law, so please write the rules and regulations that will work for average Americans and NOT benefit just the corporations.
Thank you for your consideration.
