Comment Text:
I drive 45 minutes to and from work every day, and our family feels the effects of every increase in the price of gas. As my wife are currently separated, I am presently,in effect, looking after two households these days, and cannot withstand someone else gambling with what they consider to be "house money". (Remember Enron?)
I urge - no, I DEMAND that - you stop the present, uncontrolled, inexplicable, excessive gambling in commodities markets like food and oil.
While many factors contribute to today’s highly volatile commodity prices, it is clear to even residents of Sesame Street that excessive speculation is partially responsible for the unsustainable prices threatening the economies of the world. This has been shown in dozens of studies by respected institutions such as Princeton, MIT, Petersen Institute, University of London, Yale, the United Nations and the U.S. Senate.
Speculation thus imposes financial hardships on families around the country. Sudden rises in gas and food prices force us to make difficult decisions and sacrifices. Especially right now, with so many families struggling, and unemployment barely beginning to decrease, we cannot allow speculators to unduly affect our food and gas prices. Worldwide, thousands of people will needlessly die JUST TODAY, just so some greedy speculators can make their payments on, say, their third condo somewhere. Never before have so many suffered so much, so so few can be so rich, and so happy.
Please put in place effective position limits rules, and do not allow them to be undermined by exemptions or exceptions, or allow Wall Street gamblers to escape them. Don't put these position limits in place tomorrow, not after breakfast, BUT NOW!!!!!!!!
Thank you for your consideration.
