"Excessive speculation defeats the very purpose for the commodity markets, which have been taken over and distorted by speculators gambling on future price moves. If speculation is stopped, prices can be again tied to supply and demand, and not the whims of Wall Street. And that, in turn, will provide relief at the pump."  CNN Money

"[Delta Air Lines executives]"... tell me that each incremental dollar per barrel of crude impacts their fuel prices by $96 million per year. They are now expecting to spend at least $1 billion more in 2012 than initially budgeted. Do they believe speculators are having an impact on rising prices? You bet they do... In fact, the association that represents all of the major air carriers has been urging us to impose positions limits for years. They urged even more restrictive limit levels that the Commission approved."  Speech, Trade Tech 2012, New York, NY

"We learned in 2008 that $4-a-gallon gas is a deal-breaker for the economy. If it happens, it’s not sustainable. There’s only so much the consumer will bear."  Tucson Citizen

"Oil prices ripple through every part of the economy. I think it’ll be the second highest year for oil prices on record."  Tucson Citizen

"If the Commission [CFTC] fails to act in a timely way or fails to adopt strong position limits, markets and consumers will be vulnerable to excessive commodity prices and volatility arising from speculative trading activity."  Bloomberg

"For oil prices, the trend higher off the lows of 2008-2009 has been broken. This is why EIA, IEA, OECD and OPEC have all lowered their demand forecasts. Only a well-known, Wall Street house who called for $200 oil last year is still blowing that particular horn. We've sent them the Energy Overview, but still they persist. Look for a test of $70 before Thanksgiving."  MF Global Energy Overview

"Along with the real estate bubble in the United States, an oil bubble was created. Both were based on speculation, and they both burst in a similar way."  IPS News

"The best way to consider this is not as a Wall Street overhaul, but that it changes the way we regulate Wall Street and that it brings previously hidden financial transactions – by hedge funds and others and in such things as derivatives and credit default swaps – into the limelight of open exchanges and regulation."  Workday Minnesota

"The deregulation of derivatives created new products in commodities and other areas that really led to excessive volatility in our food and energy markets in commodities. Both of these areas had a negative effect for society and had a negative effect for the greater public."  CNBC

"Congress should reject the efforts by Wall Street to craft any exemption that includes financial entities"  CNN Money