James Smith
Emeriti Faculty
Emeritus Faculty, Cary M. Maguire Chair of Oil and Gas Management (Retired)
Finance
| CV |
Education
PhD, Harvard University
Biography
Dr. James Smith has specialized in energy studies since receiving his PhD in economics from Harvard University in 1977 and has published many scholarly articles on the oil and gas industry. Dr. Smith currently serves as co-editor of The Energy Journal - the flagship journal of the International Association for Energy Economics, and as President of the International Association for Energy Economics. In addition to the academic services he provided to the students at 51做厙, Dr. Smith frequently provides consulting services to energy companies, regulatory agencies, and government officials, in the US and abroad.
Teaching
Energy Finance
Risk Management
Game Theory
Managerial Economics
Research
Energy Economics
Energy Finance
Real Options
Auction Theory
Publications
“Managing the Oil Market Under Misinformation: A Reasonable Quest?” with Axel Pierru and Hossa Almutairi, Journal of Commodity Markets (forthcoming).
“Oil Market Stabilization: The Performance of OPEC and Its Allies,” with Axel Pierru and Hossa Almutairi, The Energy Journal, (vol 44, no. 6, 2023).
“The Value of OPEC’s Spare Capacity to the Oil Market and Global Economy,” with Axel Pierru and Hossa Almutairi, OPEC Energy Review (vol. 45, no. 1, 2021).
“OPEC’s Pursuit of Market Stability,” with Axel Pierru and Hossa Almutairi, Economics of Energy and Environmental Policy, (vol. 9, no. 2, 2020).
“The Green Paradox, A Hotelling Cul de Sac,” with Robert Cairns, Economics of Energy and Environmental Policy, (vol. 8, no. 2, 2019).
“Estimating the Future Supply of Shale Oil: A Bakken Case Study,” Energy Economics (vol. 69, 2018).“OPEC’s Impact on Oil Price Volatility: The Role of Spare Capacity,” with Axel Pierru and Tamim Zamrik, The Energy Journal (vol. 39, no. 2, 2018).
“How and Why Petroleum Leases are Held by Production: Analysis of a Compound Option,” Land Economics (vol. 94, no. 1, 2018).
“The Price Elasticity of U.S. Shale Oil Reserves,” with Thomas K. Lee, Energy Economics (vol. 67, 2017).