Stop Wall Street from Driving Up the Cost of Food and Fuel Stop Wall Street from Driving Up the Cost of Food and Fuel Please take a few minutes to urge the CFTC to insist on strong rules against excessive gambling in the commodities markets. Sign letter telling the CFTC to move ahead with strong position limits to curb excessive speculation.We urge you to take strong action against excessive speculation in commodities markets like food and oil. We understand that other factors contribute to highly volatile commodity prices, but excessive speculation plays a significant part, according to studies by Princeton, MIT, the Petersen Institute, the University of London, and the U.S. Senate, among other highly credible sources. Goldman Sachs suggested that speculation in the energy market increases the price of a gallon of gas by 65 to 70 cents – and if anyone would know it would be the people responsible. Speculation imposes financial hardships on families around the country. Inflated gas and food prices force us to make difficult decisions and sacrifices, and so do sudden rises in those prices. 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.[M1] Speculation also means higher costs for real-world businesses, hurting consumers and the broader economy. Please put in place effective position limit rules, and do not allow them to be undermined. Limits should be placed on both the positions of individual speculators, to prevent market manipulation, and also on the overall amount of speculation in the market, to prevent bubbles in commodity prices. [M2] Thank you for your consideration. [M1]But these are individual consumers commenting. Effects on businesses show up in consumer prices anyway. If you can work it in naturally then I guess that’s not a problem but it seems like it might come off as artificial. [M2]This has always been one of our central points, and we will say it in our comment, but we have already lost on it in this rule. It will not happen in this rule. So not sure if it is worth saying or not. Add Your Name to the Letter * Name: First Required Last Required * Email: Required City/State/ZIP: City State ZIP AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWYASFMGUMHMPPRPWVIAAAEAPABBCMBNBNLNSNTNUONPEQCSKYTNone Required If you respond and have not already registered, you will receive periodic updates and communications from The Leadership Conference on Civil and Human Rights. Spam Control Text: Please leave this field empty