Comment Text:
10-002
COMMENT
CL-01826
From:
Sent:
To:
Subject:
[email protected], com
Wednesday, April 14, 2010
1:28 AM
secretary
Proposed Speculative Position Limits on Energy
Kathy Shimata
3453 Pawaina ST
Honolulu, HI 96822-1356
April 14, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
I am writing in support of the CFTC's Proposed Federal Speculative
Position Limits that will reestablish speculative position limits on maj or
energy commodities. This rule will provide stability to the marketplace
and help prevent future price bubbles. The CFTC must quickly approve a
strong rule to protect America [] s struggling economy.
Position limits existed in energy markets until 2001 and currently apply
to agricultural commodities. CFTC should use its existing experience to
regulate position limits of speculators and prevent excessive
concentration in the energy markets, while ensuring that exemptions to
these limits afforded to real physical players such as fuel cooperatives,
public utilities, truckers and airlines are not exploited by big banks and
billionaire investors.
Energy consumers desperately need stability in the marketplace. I
encourage the CFTC to adopt the Proposed Federal Speculative Position
Limits before volatile fuel prices further harm the country [] s already
weakened economy.
Sincerely,
Kathy Shimata
808-988-2540
