Comment for Proposed Rule 76 FR 58176
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From:
larry lepin
Organization(s):
USA citizen and middle class consumer
Comment No:
48507
Date:
10/6/2011
Comment Text:
Chairman Gary Gensler,
1) Please increase the margin requirement for oil futures speculation.
2) Please consider tighter (lower) position limits.
This will decrease the price of oil and decrease the cost of fuel for the consumer. The high price now is a 'hidden tax' on the consumer and is very damaging to the economy. The current high price is not related to supply/demand at the consumer level, but largely related to out of control speculation.
Thank you,
Larry Lepin
Phoenix, AZ
