Comment Text:
10-002
COMMENT
CL-05682
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Subject:
j b errenb erg@ com cast. net
Tuesday, April 13, 2010 3:04 PM
secretary
Proposed Speculative Position Limits on Energy
Joy Berrenberg
4740 S. Pierson Ct
Littleton, CO 80127-1227
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. 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. 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.
Our tax dollars were used to bail out large Wall Street firms when they
were on the brink of bankruptcy. It is these same institutions that
pushed the price of gasoline well past $4 per gallon in 2008 by gambling
on oil and continue to profit at every American [] s expense.
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.
Bottom line: I'm tired of the greedy few making life difficult for the
masses and I support strongly a rule to limit rampant oil speculation.Sincerely,
Joy Berrenberg
303-556-8350
i0-002
COMMENT
CL-05682
