Stephen Schork is the Founder and Editor of The Schork Report, a daily subscription newsletter providing comprehensive technical and fundamental daily views of the energy cash and financial markets. Published since April 2005, The Schork Report is geared towards professionals in the global energy arena looking to improve economic performance while managing risk. Further information is available at www.EnergyMarketIntelligence.com.
Schork was a floor trader (Local) in the New York Mercantile Exchange’s energy complex and has more than 18 years experience in physical commodity and derivatives trading, risk systems modeling and structured commodity finance.
A recognized expert in the energy sector, Schork is a regular guest on CNBC and Bloomberg Television. He is also frequently quoted in The Wall Street Journal, Business Week, Reuters, the Associated Press, Platts, The Street.com and CNNMoney.com.
If crude oil prices don't recede soon, the American consumer will be in trouble, warns Stephen Schork.
Demand for oil might grow with the economy, but experts say that supply will still rule.
Some analysts say the huge rally in this commodity has finally cooled off.
Not to marginalize the loss of life and property in the wake of Hurricane Irene, but, based as a function of media hype, this weekend’s storm along the eastern seaboard was a dud.
Concerns about a double dip have always been on the backburner, but rarely have pundits been so vocal with concerns regarding QE3, domestic unemployment, the housing market, and debt concerns out of Spain.