Background
Canes, Michael Edwin was born on December 24, 1941 in Jerusalem, Israel. Came to the United States, 1943.
Canes, Michael Edwin was born on December 24, 1941 in Jerusalem, Israel. Came to the United States, 1943.
Bachelor of Science (Mathematics), University Chicago, 1963. Master of Business Administration Graduate School Business, University Chicago, 1965. Master of Science London School of Economies and Political Science, London, United Kingdom, 1966.
Doctor of Philosophy University of California, Los Angeles, Calif., United States of America, 1970.
Economist The Center for Naval Analyses, Arlington, Virginia, 1969-1972. Assistant professor University Rochester (New York ), 1972-1974. Senior economist and deputy director American Petroleum Institute, Washington, 1974-1978, director, 1978-1982, vice president and chief economist, 1982-2000.
Senior research fellow The Logistics Management Institute, McLean, Virginia, since 2000. Executive director Light-Material Interactions Research Center, since 2004.
My principal contributions have taken the form of utilisation of economic analysis to inform private and public policy-makers of the consequences of actions taken in the energy area. This has involved utilisation of two distinct skills. Application of theory and statistical methods to energy-related problems, and translation of results into language and policy choices familiar to decision makers.
Most of this work has involved United States oil and gas markets. Issues there have included price controls, taxation, the vertical and horizontal diversification of energy companies, contract terms between sellers and buyers of raw energy, and the rate of leasing of publicly owned lands. My contributions have encompassed theoretical explanations of vertical and horizontal diversification of energy companies, empirical tests of alternative explanations of such diversification, theoretical explanation of various terms in producer-pipeline natural gas contracts, and explanation and testing of alternative theories of oil pipeline sizing decisions.
Generally speaking, the results of my analyses have implied the relaxation of socially imposed constraints on energy markets, or a refraining from initial imposition. While a very large number of factors bear on social decisions in energy, those implications are consistent with the general thrust of United States energy policy over the past decade or so.
Member American Economic Association, International Association of Energy Economics.
Married Mary Patricia Ferron, July 11, 1970. Children: Brandice, David, Aran.