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Comment for General CFTC Public Roundtable Discussion on Dodd-Frank Implementation

  • From: Steven Messina
    Organization(s):

    Comment No: 42464
    Date: 5/5/2011

    Comment Text:

    The commodities market for oil has become a freewheeling mechanism for pure speculation and profit that has gone beyond making a fair profit. The Commission is fully aware of all the ramifications that the speculators cause when they smell oil. Due to the unique nature of oil as a resource it should be taken of the market or tightly regulated against speculation. If The Commission does not act now on the oil issue, speculation will become worse as other world economies demand an ever increasing share of oil; witch is their right to do so. I am refering to the usury money/profit part of oil speculation in which The Commission is overseeing. Please remember there is a law of physics that states "For every action, there is an equal and opposite reaction", this law of physics is a law of nature as well. We as people can not get around this law. We can only influence the law positively or negatively. This is where The Commission must do it duty to our country, its people and the economy. This situation is really that simple. Do the right thing!!

    Steven Messina

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