Comment Text:
Ref: RIN 3038-AD15 and RIN 3038-AD16, Proposed rule for the adoption of position limits on derivatives. As a long time petroleum distributor of commercial and industrial fuels and lubricants, I see every day what the volitility and uncertainty speculation has brought to oil. My 2500 plus customers have been unable to create basic budgets. They have had to try and negotiate variable pricing with their customers with varying degrees of success. Contractor's risks on bidding large/long term projects now require expensive hedging to insure a guaranteed bid. This raises costs and uncertainty especially during these economic times. I honestly don't believe our small business climate will improve until the CFTC acts to limit positions or greatly increase the margins on those positions. Please act NOW! Thank you, Bruce Holmstrom CEO, Vancouver Oil Co. Inc.
