Comment Text:
My name is Sarah Thurman, I am a single 25 year old woman living in Allen, Texas. I spend nearly an hour driving to work each morning and another hour to an hour and a half driving home each evening. In addition I spend hours each week searching for coupons and best prices for my basic necessities at the grocery store. The rising price of food and gas are unacceptable to me as an American citizen and therefore, 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.
