User:Schork12345



= Stephen Schork = Stephen T. Schork is an expert energy market analyst, television commentator, and former NYMEX floor trader. In 2005, Schork launched The Schork Group, a consulting/publishing firm that provides objective analysis of supply and demand economics, with special emphasis on the impact of geopolitical events on price volatility.

Career
Stephen started his commodities career at Gerald Metals in their nonferrous metals group.

In 1994 Schork joined Glencore, formerly known as Clarendon, as a Senior Risk Analyst. In this role, Schork developed a proprietary product evaluation model for the refined products trading desk to quickly calculate economics on existing and proposed transactions.

Schork’s mastery of the complex relationships between storage, spot, forward, and future prices (and how these variables affect price volatility) led to the advancement of his multivariate statistical models. In 1997 he joined MBF Clearing Corporation where he provided risk management and financial analysis to the firm and worked as a local in the Exchange’s Nat Gas and Electricity trading pits.

While working as local, Schork stayed in touch with his former colleagues, and in 2000 returned to work with them at Novarco, a spin-off operation of Clarendon/Glencore started in the late 1990s by Marc Rich, for whom Schork had worked in the earlier part of the decade. After leaving the NYMEX, Schork identified the disconnect between the market information available to locals and the lack thereof for traders in upstairs operations. Novarco’s substantial interests in global commodity trading and Schork’s access to the brightest minds who had built the foundations for the commodity markets known today, provided the opportunity for Schork to establish an exclusive niche in the energy market intelligence space.

Upon Marc Rich’s departure from Novarco, in 2001 Schork was tapped by Conectiv Energy to lead their risk management program and initiate a cross-commodity trading book. Using the models he had developed, Schork exceeded the annual gross profit goals by the end of the second month of execution.

While at Conectiv Schork continued to refine his technical analysis techniques. The Executive Team at Conectiv recognized the immense commoditization value of these tools, and expressed interest to partner with Schork to package and market this as an independent salable product. The initial structure for the partnership was altered, however, when the legal team at Conectiv highlighted the inherent conflict of interest to provide trading advice while also being in the position to control production supply.

With Conectiv’s support, in 2005 Schork launched The Schork Report and vetted the content with the industry contacts who generously provided edits and suggestions with the collective goal to have an accurate, operative resource which offered specific trading strategies. These needs, coupled with the interest to have ongoing access for consultative support,  quickly established The Schork Report as a daily must-read by the world’s most senior energy executives.

Media
Producers and anchors value the unique analysis provided in The Schork Report and adopted its use as a briefing tool. The daily research note is often quoted in the media nd Schork soon after was pursued to provide his perspective and projections for the energy markets. Schork regularly appears on CNBC, Bloomberg Television, Fox Business News, and other television outlets.

In print, Schork’s quotes are sought by Platts, Wall Street Journal, Associated Press, Reuters, CNN Money, Yahoo Finance, Business Week, et al.

Schork is a highly-acclaimed speaker and is widely recognized for his ability to integrate a vast array of information into a dynamic and succinct market view. His presentations include an overview of the key issues affecting energy industry professionals, together with a contextual basis in which to view market action. Schork frequently keynotes industry conferences and top-to-top customer forums for key accounts.

Personal
Schork received a B.S. in Economics from Widener University in 1988 and a M.B.A. in Finance from University of Connecticut in 1997.

Schork married in 1994 in New York. He now lives with his wife in Villanova, Pennsylvania. Schork has three children.