Bring 5 cups of water to a boil. Add black eyed peas, return to a boil, and cook for 8 minutes. Drain the peas. Mix the peas, bell pepper, scallions, jalapeño, cilantro and corn together in a large bowl. In a small bowl, mix the lime juice, vinegar, salt, pepper and red pepper. Whisk in the olive oil. Pour the dressing over the warm black eyed peas and other vegetables. Taste for seasoning – you may want to add extra salt and pepper or red pepper, or maybe a little extra jalapeño. Let the salad sit for at least 30 minutes before serving, or keep it for a couple of days in the fridge.