Comment Text:
10-002
COMMENT
CL-04974
From:
Sent:
To:
Subject:
leafe@roadrunner, com
Tuesday, April 13, 2010 8:48 PM
secretary
Proposed Speculative Position Limits on Energy
Denise Leafe
313 Harley View Drive
Monroe, Nit 03771-3337
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. The CFTC must approve a strong rule to protect
America's struggling economy. Wall Street's speculative trading in oil
not only hurts the economy, but hurts every American who pays excessive
prices at the pump, for groceries, home heating oil and everything related
to transportation especially here in New Hampshire.
Rampant oil speculation by large Wall Street trading firms has resulted
in extreme volatility in energy markets and unwarranted price spikes in
recent years. Unless the CFTC adopts the proposed rule, markets will
continue to fluctuate wildly.
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,
Denise Leafe
6036382912
