James Smith

Professor Emeritus
Cary M. Maguire Chair of Oil and Gas Management (Retired)

PhD, Harvard University

Finance

  • Bio

    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 Southern Methodist University, 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
  • Select Publications

    “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).