Gas Traders Recall Wild Week
by Bloomberg |Monday, February 22, 2021 Spot natural gas price spikes were triggering truly outsized demands. (Bloomberg) -- The urgent phone calls came over the holiday weekend: traders of natural gas needed more money, and fast. Temperatures were starting to plummet across the central U.S. Prices for the heating fuel had skyrocketed 300-fold to levels nobody had thought possible. This would later prove to be the precursor of one of the worst energy crises the nation had seen, plunging millions into darkness for days amid a deadly deep freeze. But on Saturday, traders in the relatively sma...