Comment Text:
10-002
COMMENT
CL-03300
From:
Sent:
To:
Subject:
susanielaird@gmail, corn
Tuesday, April 13, 2010 4:03 PM
secretary
Proposed Speculative Position Limits on Energy
Susan L aird
35 E 1700 S
Orem, UT 84058-7817
April 13, 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.
Our tax dollars were used to bail out large Wall Street firms when they
were on the brink of bankruptcy. Rampant oil speculation by large Wall
Street trading firms has resulted in extreme volatility in energy markets
and unwarranted price spikes in recent years. Given that supplies are at
record highs and demand remains weak, fundamentals cannot explain recent
price hikes and destructive price swings.
I encourage the CFTC to adopt the Proposed Federal Speculative Position
Limits before volatile fuel prices further harm the country,i, ½s already
weakened economy.
Sincerely,
Susan
I.
Laird
801-643-9143
