Comment Text:
I live at the very top of New York State. We are a rural area and depend on our own vehicles for transportation as there is no public transportation available. It is not a luxury to have our own autos but a necessity. While we have small hospitals (for example) it takes four to eight hours one way to reach a hospital for a special need. We must drive twenty to thirty minutes one way to purchase groceries or other necessities.
To put further stress on people such as those in our area is an expense that no one in this low economic area can afford. Excessive speculation is responsible. There is plenty of profit available without squeezing the green from the dollars of hard working Americans.
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.
