Comment Text:
10-002
COMMENT
CL-07309
From:
Sent:
To:
Subject:
bill@horizonsre,
corn
Tuesday, April 13, 2010 10:54 AM
secretary
Proposed Speculative Position Limits on
Energy
Bill Murphy
670 Bean Ranch Rd
Whitewater, CO 81527-9425
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. Wall Street's speculative trading
in oil not only hurts the economy.
Rampant oil speculation by large Wall Street trading firms has resulted in
extreme volatility in energy markets and unwarranted price spikes in
recent years.
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,
Bill Murphy
970-257-1724
