AM-95-25 REGULATORY CHANGES AND MARKET VOLATILITY -- CONTINUING UNCERTAINTIES IN THE REFORMULATED GASOLINE PROGRAM

Description:

In the early fall, when I last spoke publicly of the reformulated gasoline program and how it might affect the New York Mercantile Exchange and the marketplace in general, Mark Twain’s description of New England weather came to mind as an appropriate description of the state of things. Twain spoke admiringly of the “sumptuous variety” of climactic conditions to be found in New England. “One of the brightest gems in the New England weather,” he said, is the “dazzling uncertainty of it. ”