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

  • From: Robert A. Spragg
    Organization(s):

    Comment No: 42492
    Date: 5/5/2011

    Comment Text:

    Dear Sir, As I understand it, oil speculators are able to buy, sell, and cause price increases without ever touching the oil in question. HOW is this legal? Can't some type of limit be set for this type activity? As I further understand it, there is NO shortage of oil reserves at this time and these price increases have no basis. Please do something to control this. I don't really want the Government to step into this but that may be necessary. These speculators , in my estimation, are acting as criminals by falsely causing a price increase to gain profits. They should be tried as criminals for their actions. Sincerely, Robert A. Spragg

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