Dear S.O.S. Now Supporter: 

You helped win the battle of getting Congress to pass meaningful legislation to stop excessive oil speculation. Now we need your help to ensure that the Commodity Futures Trading Commission (CFTC), the federal agency tasked with writing new rules to prevent excessive speculation, implements strong and effective regulations. Unfortunately, the CFTC is wavering, in part because the opposition has been working feverishly to protect the status quo. The five commissioners, who soon will vote on a rule to establish speculative position limits are under tremendous pressure to adopt weak, ineffective rules. This harms all of us. 

Speculation contributes to volatile energy prices that affect the cost of nearly everything we buy, from gasoline to groceries. USA Today reports that corn prices have soared 52 percent, sugar is up 60 percent and wheat is up 24 percent compared to a year ago. The government now predicts that the average family’s gas bill will rise 28 percent over last year – a painful $700 increase. These price increases hurt families and, ultimately, put our nation’s recovering economy in danger. 

Now is the time for your voice to be heard. Demand that the CFTC implement tough new rules to put an end to excessive commodities speculation. Send an e-mail  to the CFTC by March 28, urging it to adopt speculative position limits that protect American consumers and our economy from the volatility and high prices that excessive speculation causes. Tell the CFTC that efficient, rational commodity markets need effective position limits, transparency and a regulator that guards against market distortions caused by excessive speculation, as well as fraud and market manipulation. 

Together, we can help protect America's economic recovery. 

Thank you for your continued support,

The Coalition to Stop Oil Speculation Now