Comment Text:
I am writing to encourage Congress to adopt the proposed Position Limits for Derivatives 9RIN 3038-AD15 and 3038-AD16. It seems to me that trading a limited commodity at 20 times (20 barrels vs 1) the actual demand for oil is wrong! Speculators are making millions at the expense of our US citizens... and we fuel retailers take the verbal bantering from our customers when these prices spike so high. Let alone the significantly higher cost to deliver the fuel. Bring back the 'supply and demand' economic principles and limit the amount of speculative hording. Our citizens deserve it and without action they will march in protest to demand it. Do your duty and correct this greedy practice!
Peter M. Lawlor
CFO
Augusta Fuel Company
