By Matthew Philips www.businessweek.com
The natural gas market just convulsed. After years of flat, relatively low prices ranging between $2 and $4 per million British thermal units, the past two weeks have been the most volatile period ever. Yes, ever. On Feb. 10, natural gas was about $4.50 per million BTUs. Ten days later the price was up 30 percent, to more than than $6. Today it’s back down to $4.50.
There was a similar move back in the winter of 2003, but that played out over two months. “This has happened over two weeks,” says Teri Viswanath, a…
