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To: isopatch who wrote (84973)1/22/2001 1:13:01 PM
From: Archie Meeties  Read Replies (1) | Respond to of 95453
 
On NG inelasticity. "general reception when we say that our gas in $9.50 per MMBtu, is that [the customers] say 'Okay.' There is some complaining, but a lot of companies are willing to pay the market price. It has not crushed a lot of demand. We have been surprised... that it has been inelastic at these exalted price levels." Mark Papa, CEO EOG. From Barrons, Jan 22, Commodities Corner.