Comment Text:
Despite a clear directive from Congress to rein in excessive speculation, you are not acting quickly enough to protect American consumers. I have read that on any given day about half of the oil futures contracts are bought and sold by traders, not companies that use oil, like airlines and power companies, and the sky’s the limit when it comes to how much of the market traders can control.
The Commodity Futures Trading Commission should stop speculators from interfering with the price of food and energy, and impose meaningful position limits.
Thank you.
Michele Kriz
