James Smith
Emeriti Faculty
Emeritus Faculty, Cary M. Maguire Chair of Oil and Gas Management (Retired)
Finance
| CV |
Education
PhD, Harvard University
Biography
James L. Smith has specialized in energy studies since receiving his Ph.D. in Economics from Harvard University in 1977 and has published many scholarly articles on the oil and gas industry. He served in 2021 as President of the International Association for Energy Economics, and for sixteen years also served as Co-Editor of the Association’s flagship journal, The Energy Journal. He also received the Association’s 2024 award for Outstanding Contributions to the Profession. In addition to academic work, Dr. Smith provides expert consulting services to energy companies, regulatory agencies, and government officials, in the U.S. and abroad.
Teaching
Energy Finance
Risk Management
Game Theory
Managerial Economics
Research
Energy Economics
Energy Finance
Real Options
Auction Theory
Publications
“Ukraine, Pandemic, OPEC+, and Strategic Reserves: Taming the Oil Market in Turbulent Times,” with Hossa Almutairi and Axel Pierru, Energy Economics (forthcoming).
“Managing the Oil Market Under Misinformation: A Reasonable Quest?” with Hossa Almutairi and Axel Pierru, Journal of Commodity Markets (vol. 34, 2024).
“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 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).