Comment Text:
10-002
COMMENT
CL-08357
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Sent:
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durchholz@hotmail, com
Monday, April 26, 2010 1:00 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Monday, April 26, 2010 at 12:59:36
commenter_subject: Energy position limits
commenter frdate: 4/26/2010
commenter_frpage: [Page 4143-4172]
commenter_comments: Instead of forcing position limits in the energy
futures markets, the CFTC should be working with
the industry to develop effective tools for the
general public to "lock in" energy prices like the
big end users can do by using futures, options, and
other derivatives.
The use of these tools over the years has helped
the food industry limit the impact of basic
commodity volatility on retail food prices.
I've often asked why the general public isn't
offered products to help them mitigate the
volatility of energy prices on the price they pay
"at the pump." Futures, options, and other
derivatives are designed to help people manage
their risk, but yet no one has done anything for
the individual consumer.
That in my opinion would be a more effective
solution than limiting the role of speculative
trading, especially when it can be shown that
speculative trading was not largely responsible for
2008's rise in energy prices.
commenter name: Dale
commenter withhold address on: ON
commenter_addressl : 18976 High Drive10-002
COMMENT
CL-08357
commenter_city: Bloomington
commenter state: I1
commenter zip: 61705
commenter~hone: 309-557-6854
