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Comment for Proposed Rule 76 FR 4752

  • From: Karen Hummel
    Organization(s):
    n/a

    Comment No: 50291
    Date: 5/5/2011

    Comment Text:

    Stricter regulations should be imposed on oil speculators. Oil speculators are affecting the price of gasoline because of their ability to buy and sell oil futures with few restrictions. Some of these speculators never take delivery of the oil and never intend to use the oil. They are inflating the price of gasoline. Speculators should be prohibited from buying large amounts of oil unless they are actually taking delivery.

    The rise in gas prices is slowing down the recovery of the economy even further. People are changing their driving habits or spending less in other areas in order to afford gasoline. Please regulate an industry that is taking advantage of the American people.

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