Comment Text:
Dear Sirs:
I wish to express my great displeasure with the fact that your commission has done nothing to implement the current laws and regulations, to reduce the speculation in the oil futures market. This inaction by your committee, has resulted in American citizens paying higher prices for gasoline and home heating oil, than they would have, given your lack of implementing current law under the Dodd Frank act, for controlling market speculation.
Your procrastination, is definitely an abuse of current law, and flagrantly an attempt at perpetuating a fleecing of the America public by special interests, at the expense of ordinary tax paying citizens.
Sir, I strongly urge you to "get-it-together", and do something positive for the people who are getting squeezed financially as a result of your inability to act on this issue. To which end, I strongly urge rules which restrict speculators from keeping the price of the future's oil market derivatives artificially high. Solutions to consider are reflected in the remarks of Senator Bernie Sanders of Vermont (i.e.: raise margin requirements, and have position limits).
As a public official, it is your duty.
With great respect for the Nation,
John Malmquist
