The Editor, Stephen Schork, was a proprietary floor trader (Local) in the New York Mercantile Exchange's energy complex.
Mr. Schork more than 25 years' experience in physical commodity and derivatives trading, risk systems modeling and structured commodity finance.

For most of the 1990s, Mr. Schork was an Analyst with Glencore Ltd. and was a key player in Novarco Ltd., Marc Rich's last venture in the global energy trading arena.

Prior to launching TSR, Mr. Schork has spent the last four years developing mathematical models to present multi-year forecasts of energy prices used as a basis for hedging and trading activities at Conectiv Energy. Based on his proprietary fundamental and technical analysis techniques, Mr. Schork initiated a successful cross-commodity trading book that realized annual gross profit goals by the end of the second month of execution.

As a research analyst and trader, Mr. Schork is distinguished by his skill in identifying pricing inefficiencies in and among commodity markets.