Comment Text:
My name is Jasmine Ong. I live in a rural area and must drive at least 30 minutes every day to go to work, as well as to transport and do errands for my family. I also drive for work, and because I am employed by my family business, I know that mileage reimbursement doesn't and can't keep up with gas price increases. My family feels the effects of every rise in the price of gas.
These are but a few reasons why I urge you to curb excessive gambling in commodities markets like food and oil.
While many factors contribute to today’s highly volatile commodity prices, it is clear that excessive speculation is largely responsible, as 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.
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.
Thank you for your consideration.
