Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (19331)	2/28/2003 6:41:04 PM
From: Tomas	Read Replies (1) \| Respond to of 206325

North Atlantic's Geiringer Comments on High Natural-Gas Prices By Geoffrey Smith Glen Cove, New York, February 28, 17:33 (Bloomberg) -- Stefan Geiringer, president of North Atlantic Utilities Inc., a natural-gas marketer to commercial plants, hospitals and apartment buildings, comments on how this week's record high natural gas prices are affecting his business. On how higher prices has forced shifts to alternative fuels: ``Most of our people we've switched over to heating oil. Most of the hospitals and large apartments we've switched over to oil from gas, as well as large industrial customers. Some people are just shifting work to other plants where they have alternative fuel capabilities. Everybody knows that if you don't have to use gas, don't use it.'' On the cost to transport natural gas: ``If temperatures rise and there isn't this constraint on the interstate pipelines, then you'll see the transport costs come down to about 50 cents per million British thermal units instead of about $5 per million British thermal units. Once that happens, now you've taken a major bite out of the price of gas, at which point you'd begin to see people switching back to gas. Thirty percent of the cost of gas is the delivery charge.''