Preparation
Place a 2 gallon pot on stove over medium-high heat and add oil, shallots and garlic. Cook until translucent.
Add mushrooms and sherry. Cover and cook 4 to 5 minutes, stirring occasionally. Remove lid and continue cooking until all of the moisture is removed.
Add tomatoes, peppers, saffron and stock. Bring to a boil.
Add rice and stir one time. Replace lid and lower heat to medium low.
Cook 12 to 15 minutes, without peeking and no stirring!