Princeton Energy Programme

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Faculty

David Ford was until recently Managing Director of IPE Training Ltd having joined the Exchange in 1997. Prior to joining the IPE David worked as a broker trading futures and options. He has written a number of books on futures and options as well as contributing articles for a number of national newspapers and has lectured for the City of London Business School, IATA and more recently in Russia, Kazakhstan and China. He is now involved in providing risk management services to a number of clients.

Nigel Harris has over 15 years of experience of working with energy trading organisations to help them in their trading and risk management activities. Nigel was a key member of the team that designed and developed PAWS, Saladin's innovative oil and gas market analysis system, which was launched in 1987 and is still used extensively throughout the industry today. At Saladin, he helped expand the analytical capabilities of PAWS, and then ran all of Saladin's software development and customer support activities. After leaving Saladin in 1999, Nigel worked as an independent consultant for three years prior to forming Kingston Energy Consulting with Mary Jackson in 2002.

Mary Jackson has over 15 years of experience in the energy industry. She began her career at BP working in the information management group, then later rose to a trading analyst in the supply and trading department. She subsequently joined Saladin as an energy consultant to provide consultancy advice and training on energy market analysis, trading and risk management to clients throughout the world. In several senior roles at Saladin, she managed the energy consulting team, ran the energy market information service and directed strategy for new software and information product development, including the development of a new internet based trading system. After leaving Saladin, Mary worked as an independent energy market consultant until she formed Kingston Energy Consulting in 2002. She has lectured regularly for The Oxford Princeton Programme on energy markets, trading and risk management and is also a regular speaker and panel member at public conferences. She has written articles for industry publications including Harts Energy Markets, Energy and Power Risk Management, Global Energy Business and Petroleum Review. Mary obtained a bachelor's honours degree from Bristol University and a master's degree from London University.

Janet Lawrence, based in Oxford, UK, has over 27 years of experience in various aspects of crude oil trading. Ms. Lawrence began her energy career with Texaco Inc. in Houston, Texas. She handled supply and distribution functions for Texaco's U.S. refining system and traded U.S. domestic and international (destined for the U.S.) crude oil. After a short time at a small Houston-based trading company, Janet joined Elf Aquitaine as their first American trader. At Elf, she traded cargoes of crude oil worldwide and started up their crude oil futures trading operation when crude futures debuted on the NYMEX in 1983. In 1986, Janet took a position as an energy futures broker with Goldman Sachs, where she assisted international major oil companies with their hedging and trading strategies. Janet was lured back into physical crude oil trading by Total CFP and remained an international crude oil trader with various subsidiaries of the Total group. Janet holds a BA with Honors in Industrial Psychology from the University of Houston.

Larry G. Lawrence, President of Enterprise Risk Consulting, LLC, has close to 20 years of experience in energy risk management and trading. His experience includes risk management and trading consulting, derivatives portfolio management, corporate education, technical and options analysis, advisory service publishing, and institutional sales. He has assisted retail electric providers in determining and defining their retail objectives, in developing a spectrum of supply strategies for hedging retail risk and in quantifying the volume and price risk inherent in securing retail customers. His work also includes the integration of retail and wholesale risk management policies and procedures and has assisted industrial energy consumers in assessing their energy-related risks in developing strategic hedging frameworks and implementing supply procurement programs. Mr. Lawrence served domestic and international energy companies as an institutional broker of exchange-traded and over the counter derivative financial instruments. During his brokerage career, Mr. Lawrence held the position of vice president at Elders Futures, Inc. and at Merrill Lynch Futures, Inc and president of Eastbrook Futures, Inc., a subsidiary of the Saudi Arabian merchant bank Eastbrook, Inc. Mr. Lawrence was responsible for all aspects of futures fund management including fund concept and creation, trading advisor selection and negotiation and administration. As an independent consultant, Mr. Lawrence served the needs of a variety of privately held money management entities. In this role he developed many fundamental, technical, and econometric models for trading and risk management in equity and fixed-income cash and derivatives markets and managed equity and fixed-income portfolios for small institutions and high net worth individuals. Mr. Lawrence holds the BS in Communications from the University of Texas at Austin. He is registered with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) as a Commodity Trading Advisor (CTA), and with the State of Texas as an Investment Advisor.

Steven P. Martin is a founding member of CABO Energy Enterprises, LLC. He is a Natural Gas expert and commercial manager of asset oriented enterprises which extends to the creation of value in the production, processing and pipeline segments of the gas industry with skill sets in contract negotiations, risk management, acquisitions & due diligence, transportation, storage, processing and other midstream services. Prior to CABO, Steve worked for Calpine Natural Gas Company as Manager of Marketing during its "growth thru acquisitions" phase across seven states and the Gulf of Mexico. In addition, he provided key support to the acquisition team with the commercial review and product price valuations on numerous projects. Prior to that, he served as Manager of Finance and as Area Asset Manager for Duke Energy Field Services, LLC. He also served as Director of Marketing for Concorde Gas Marketing; Director of Transportation for Gulf States Pipeline Corporation in its founding period, Manager of Marketing for Franks Petroleum, Inc., and Manager of Supply & Marketing for Producer's Gas Company.

Bob Mehall has been a successful executive in the energy business for over thirty years. As Executive Vice President of Diamond Shamrock, Inc., reporting directly to the Chairman/CEO, he was responsible for a variety of strategic corporate functions including refining and marketing coordination, petrochemicals, corporate planning and development, treasury and credit, investor relations and various other ancillary businesses including Mexico retail marketing operations, Bolivian exploration and production, Argentine refining and marketing. He directed the negotiation of major transactions including the acquisition of National Convenience Stores (Stop & Go), as well as the merger of Ultramar, Inc. and Total N.A. that totalled some $7 Billion. He has a B.S. in Chemical Engineering from West Virginia University, an M.S. in Chemical Engineering from Case institute of Technology and an M.B.A. from the Krannert School of Purdue University.

John H. Shepherd, based in Houston, Texas, has 30 years of experience in the petroleum industry. John began his career with Cities Service Company (now Citgo Petroleum Corporation). His responsibilities included refined product terminal and pipeline engineering, pipeline and marine terminal management, transport truck fleet management, computer information systems management and crude oil supply and trading. Serving as International Crude Supply Manager and Vice President of Cities Service Trading Company, he negotiated spot, as well as long term contracts for the purchase of waterborne crude oil cargos for the supply and optimization of company refineries. He was also responsible for negotiating long term sales contracts with foreign host governments in order to market the company's foreign equity crude oil production. After 12 years with Cities Service Company, he joined the international crude trading group of Transworld Oil U.S.A. as Vice President, and then served in the same capacity for Koch Supply and Trading Company. With both Transworld and Koch, John managed a staff of professional international crude oil traders, dealing in a wide range of international crude oil grades. This work involved crude oil trading for the supply and optimization of U.S. based refineries, as well as entrepreneurial crude trading for profit involving complex arbitrage trading and hedging strategies. He now serves as President of John H. Shepherd Enterprises, Inc., a privately owned Texas corporation involved in energy consulting and residential real estate appraisal and construction work. John holds a Bachelor of Science Degree in Engineering from North Carolina State University.

Jorge R Tapies has over 15 years of experience in the oil industry from diverse perspectives including that of a state-owned company, a global oil major and a leading management consulting firm. His career started at Petroleos de Venezuela (PDVSA), the Venezuelan state owned oil company where he worked in international bunker fuel sales, aviation fuel sales, as well as commercial and retail fuel and lubricant sales. He also worked at BP during the BP Amoco merger integration process. While there, Jorge dealt in commercial and retail fuels pricing and risk management and then moved to Oil Trading International where he joined the Risk Management team as a Marketing Manager for BP's risk management solutions to commercial customers such as airlines, wholesalers and shipping companies. Jorge also worked as a Principal Consultant at PA Consulting Group in their Energy Trading and Risk Management practice, where he worked alongside leading industry experts in developing and implementing energy trading and risk management solutions for clients in the oil, gas and power markets in the US and overseas. Jorge also spent two years at PA's Wholesale Energy Markets practice focusing on major US energy companies' bankruptcy restructurings and in particular, portfolio and structured products valuation and trading and risk management oversight. Jorge is native Spanish speaker and has a Mechanical Engineering Degree and an MBA in Finance and International Business.

Eva T. Thorne is a founder and principal of Corporate Governance Solutions and is a political risk specialist. She holds an undergraduate degree in history from Harvard University and a doctorate in political science from the Massachusetts Institute of Technology (MIT). Ms. Thorne has expertise in natural resources and emerging markets. Her firm's clients include oil and gas companies, government ministries and mining companies, among others. Eva has designed and carried out workshops for independent, state-owned and international oil companies, done marketing research and analysis on the telecommunications sector of Brazil, and executive coaching at the London Business School. She has lectured widely on issues of political risk, corporate social responsibility and governance in the United States, Europe, and the Caribbean. Ms. Thorne writes and publishes on political risk in oil, gas, and mining for business journals and has lectured on these topics at industry conferences. She is completing a book on the politics of reform at the World Bank and is working on another book project on indigenous communities, land titling and extractive industries. She has lived and worked all over the developing world and speaks Spanish and Portuguese. Ms. Thorne resides in Boston, MA.

Jeanne Westhoff, based in West Palm Beach, FL, is a professional with over nine years of experience in the energy industry. She has held positions with Mobil Oil Corporation as distillate sales consultant and regional trucking manager. As distillate sales consultant, Jeanne was responsible for promoting risk management programs to distributors in the Northeast. These programs included NYMEX based hedging strategies and counseling on the heating oil market. As regional trucking manager, Jeanne was responsible for lubricant sales to truck stops and dealers in New York, New Jersey and the New England states. Prior to her employment with Mobil, Jeanne was sales manager for a distributor in Palm Beach County, Florida. In this position she was responsible for bulk sales and distribution of gasoline, diesel fuels, methanol, lubricants, and additives.

See also:

• Gold Level Lecturers
• Executive Management