Essay on Americas Heavy Load Equality - 864 Words

EQUALITY. A term used from previous ancestors that came to America for freedom. A term used from Americans that fought for their equal rights today. A term avoided in the state of being taxed. Two out of three tax systems are set to be genuinely unfair to Americans of the lower and upper class: a progressive system and a regressive system. Today, Americans are paying in a progressive tax system which is when the tax rate will increase if the taxable income increases (â€Å"Preface to†¦Ã¢â‚¬ ). Americans pay an average of 18.2% on federal income, 10.6% on state, 7.65% on social security and Medicaid, 10.3% on sales tax and so forth (â€Å"How Much Tax†¦Ã¢â‚¬ ). The one system that will work for our nation’s economy and benefit the people is known as the†¦show more content†¦In 2000, federal spending was at 18.2%; in 2007, federal spending was at 19.6%; but in three years since 2089, federal spending reached to 24.4% (Morong). With the economy, the governm ent feels obligated to spend money to prove to America that the government is doing everything they can to help the people and the economy. However with all the spending, the money is being invested towards unnecessary things that are not really needed. So much of the federal taxes are heading towards social security retirement benefits and Medicare insurance which is ruling out the education and other programs for every citizen (Sullivan). Increasing taxes will only leave extra money for the government to spend on unnecessary programs and benefits. With a flat tax rate, people with a higher income will not have to pay as much as in a progressive system. People can actually make a substantial living without the worry of taxes pulling them back. Families would be able to spend more money to benefit the economy (satisfying our Republicans). The progressive tax system allows a family of four to hold and protect $18,000 of income after taxes, but a flat tax rate will help the family of four obtain twice the amount after taxes (Tate). In other words, setting a flat tax rate will decreased the poverty rate and create more jobs, because there is more money in peoples’ pockets,Show MoreRelatedAn Intimate View Of Imagery Of Langston Hughes Dream Deferred927 Words   |  4 PagesAn Intimate View of the Imagery in Langston Hughes’ â€Å"Dream Deferred† America is built on a dream, the idea that anyone has the opportunity for prosperity, success, and an upward social mobility when they work hard. This dream is a siren call to America’s shores for millions of people from across the world looking to forge a better life. Unfortunately, this dream seems to elude Blacks in America. 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Canadian Tire Case Essay - 654 Words

Michael Eubanks of Canadian Tire Corporation (CTC) is in charge of the implementation of a business intelligence (BI) system for the company. This implementation began in 2003 and was to be completed in 2005. In 2006, the project is only in the 2nd of 3 phases. He is now faced with a problem. The implementation is going much slower than he anticipated. His goal is to implement BI as soon as possible, so what does he need to do so that he can reach this goal? In order to reach his goal, there are many issues that need to be addressed. The first issue is that in order to ensure that the data in the data warehouse is correct, there needs to be strong data governance by all users. The 2nd concern is that users of the current systems will not†¦show more content†¦He would anticipate any issues that could arise in along the process. He will then assign business partners and specific resolutions to each potential issue so that if one of these problems occurs, there is already a plan in place to resolve it. This is a more proactive approach to the BI implementation. The only drawback here would be that there would need to be business partners available to tackle these problems. They would need to be taken away from their day-to-day responsibilities without any notice. This could result in business interruption, if a backup is not assigned. Another option is to decide which type of Master Data Management (MDM) initiative to use. They can use the Analytical MDM, Operational MDM or Enterprise MDM. The Analytical option addresses BI only. The Operational option addresses the business operations. Enterprise addresses both. The Analytical option is the least intrusive and most straight forward to implement, whereas the Enterprise option is very complex and time consuming. I would recommend that CTC use the third option which is to decide on a type of MDM initiative to use. Specifically, I would recommend the Analytical MDM approach. It seems to me that the main focus of the implementation is Business Intelligence; as such the Analytical approach is the most appropriate. It is the most commonly adopted approach and the most simple of the three. Since their goal is to implement BI as soon as possible, they should use theShow MoreRelatedEssay on Business Intelligence at Canadian Tire2134 Words   |  9 PagesBusiness Intelligence at Canadian Tire The overall purpose of Business Intelligence systems and software is to manage and analyze data in a manner that would support effective decision making. The BI initiative could help Canadian Tire to manage and analyze its data in a way that would allow the company to consolidate and integrate some of its information systems. 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Spirituality of Emily Dickinson for Poetry - myassignmenthelp.com

Question: Discuss about theSpirituality of Emily Dickinsonfor American Poetry. Answer: Based on the study guide, Emily Dickinson seemed to have defined the American poetry because she focuses on the exploration and enlightenment period. The poet made tremendous contributions in defining her innermost emotions and desires, her spiritual beliefs, and disappointment in love(Scheurich 191). In the Recluse of Amherst, Dickinson's poems gained popularity upon her demise. Her poetry demonstrates that she never embraced an outright skeptic or traditional religious thoughts(Educational Technology Production Team). This reveals the complex and genuine systems regarding her belief defined by her age, intense curiosity, and the atmosphere (Dickinson 1057). Given the complexity of beliefs, she harbored, it becomes critical to examine the ways her poems demonstrate her spirituality. Emily Dickinson struggles to reconcile the emerging scientific concepts with traditional Christian beliefs (Crumbley 1). Dickinson's work reflects the diverse religious movements and new scientific theories. Although she attended the First Congressional Church of Amherst, the young girl had difficulties to understand the concepts in the Bible (Educational Technology Production Team). Throughout her life, Dickinson faced difficulties in demonstrating her dissenting views relating to the traditional Christian beliefs. Her struggles to reconcile the new scientific theories and traditional Christian practices defined her life. Emily Dickinson received the Bible at the tender age from her father. This suggests that her family observed religious practices daily. In fact, Dickinson was familiar with scriptures as demonstrated in her letters and poems (Prior 1). She recalls the moments when people were compelled to declare their faith publicly to allow them to join the church. Unfortunately, the speaker failed to make such official declaration because she was unwilling to sacrifice for Christ (Dickinson 1056). Dickinson's religious beliefs were defined the Puritanism systems including conformism and non-conformism (Kirby 35). Unlike Dickinson, her parents held the Bible as supreme thus making it possible for them to declare their faith publicly. Emily Dickinson could not withstand the strict adherence to the scriptures. Despite her crave for the Puritanism spiritual nourishment; Dickinson rejected the dogmatic and restrictive laws ((Educational Technology Production Team). In the "The Bible is an antique Volume," Dickinson expresses her disregard to the traditional religious practices (Kirby 38). She has demonstrated that the Bible is an old book thus challenges its relevance in the contemporary society. Dickinson expresses her skepticism and opinions relating to the authority of the Bible (Scheurich 194). She implies the book is not holy and specific but a library of books. She has considered the writers of the Bible to be faded men (Educational Technology Production Team). These men were people who were never enlightened. Dickinson has provided detailed information regarding various characters in the Bible including King David, Judas, and Satan (Dickinson 1057). For example, she describes Judas Iscariot to be a defaulter thus suggesting that such characters are never superhero but casts. These individuals demonstrated the facets of human experience like sin. Dickinson has painted the picture of life after death. For instance, she says, "I felt a fun eral in my brain" to imply that when an individual dies, she can hear sounds (Dickinson 1057). Indeed, Dickinson could hear the people walking into her funeral. She further hears her casket lowered down (18-20). She drops in the final line that upon burying, she loses her senses and consciousness. In her poem of "I heard a Fly buzz when I died (591)", Dickinson demonstrates the periods after her demise(Educational Technology Production Team). She describes the atmosphere after dying. For instance, she could see the light, yet she was lying on her deathbed. The family members and friends surround her upon dying. However, she loses the light in her sight because of flies wondering into her vision line (Faleh 102). In this line of thought, it is a demonstration of how the consciousness survives upon a person's death. The temporary survival of the soul after death is important. This view contradicts the widely accepted belief relating to the immortality of the soul (Lee 46). Similarly, it is evident that spirits no longer ascend into Heaven immediately after death. It also emerges that even flies can disrupt the departed soul from ascending into Heaven. The afterlife's image suggests that the speaker's views are different from the assumed Christianity beliefs. Mark Spencer has provided another interpretation regarding Emily Dickinson's poetry. It is evident that her poetical interpretations are beyond the theological assertions. Her revelation of John is evident upon the anticipated coming of Christ (Crumbley 1). Dickinson holds that when an individual dies, the spirit never ascends into heaven immediately, but has a temporary state (Educational Technology Production Team). The ascension into Heaven will be possible upon the second coming of Jesus Christ when the souls will face the Last Judgment. Therefore, her poem demonstrates the aspects of human reconciliation with God (Spencer 1). It has demonstrated that Dickinson never valued the traditional religious practices. For her, the emerging scientific concepts provide relevant information regarding human spirituality. Dickinson has represented the idea about death successfully. For instance, when she says that she has "felt a funeral in my brain," she demonstrates an unexpected end to her consciousness (Ladin 339). The speaker indicates the period when she awaits ascension into Heaven by saying, "I heard a fly buzz when I died" (Prior 1). Her spirit never disappeared but proceeds with the anticipated journey towards Heaven. Emily Dickinson personifies death to suit her poem; "Because I could not stop for death" (Faleh 99) thus justifies her understanding about death and afterlife. In Dickinson's poem, "Because I Could Not Stop for Death," she demonstrates instances when death stopped for her (Educational Technology Production Team). The two entities she refers in this poem are immorality and death. Spencer finds these two entities appropriate because they justify the transition from human life to death or physical to spiritual eternity (Spencer 1). In this two-step process, upon death, an individual ascends into Heaven thus forming a mere expectation of Dickinson. In fact, the use of the horses describes the eternity, where they head. Interestingly, the carriage ride goes beyond eternity. Spencer adds that Dickinson appears to understand the whereabouts relating to the new state (Spencer 1). In fact, the speaker affirms in the poem that she has entered in a temporary state. However, she has avoided speculating about her destination yet is patiently having "a spirit of peaceful repose" (Scheurich 190). It has become impossible for anybody to determine one's spirituality. However, many scholarly findings are evidently chronicling an individual's events in life including birth. The content of one's heart remains a secret affair that another person can never understand. Based on the interpretation, Dickinson's poem on the afterlife can be an expression of her belief in her soul relating to the process of ascending into Heaven, especially after death. This can also be interpreted as her exploration of an immorality experience that remains temporary. Nonetheless, there is an outstanding opinion expressed in her poem that disregards traditional religious beliefs. Indeed, if in her poetry, she expresses her innermost emotions and thoughts, many scholars can describe her beliefs to be exceptionally complex. Emily Dickinson's hopes, speculations, and doubts regarding death, life, and spirituality define her poetry. Works Cited Crumbley, Paul. Emily Dickinsons Life: Modern American Poetry. n.d. University of Illinois. 3 September 2017. Dickinson, Emily. Emily Dickinson 1083 Poems. 2012. Classic Poetry Series. Poem Hunter. 3 September 2017. . I felt a Funeral, in my Brain. Ed. Sandra M. Gilbert and Susan Gubar. Vol. 2. New York: W.W. Norton, 2007. Educational Technology Production Team. ELT372: Topics in American Literature: Study Guide (5CU). Singapore: Singapore University of Social Sciences, 2017. Faleh, Inaam Ali. The Portrayal of Suffering in Selected Poems of Emily Dickinson. Al-Usrath 2.207 (2013): 99-108. Kirby, Alan. "The Death of Postmodernism and Beyond." Philosophy Now 58 (2006): 34-37. Ladin, Jay. Meeting her Maker: Cross Currents. Academic Search Elite: EBSCO 56.3 (2006): 338-346. Lee, Maurice S. Dickinson's Superb Surprise. Raritan 28.1 (2008): 45-67. Prior, Karen Swallow. Christian Faith and Emily Dickensons Doubt. 21 June 2017. The Gospel Coalition. 2 September 2017 https://www.thegospelcoalition.org/article/christianity-faith-emily-dickinsons-doubt . Scheurich, Neil. Suffering and Spirituality in the Poetry of Emily Dickinson. Pastoral Psychology 56 (2007): 189-197. Spencer, Mark. Emily Dickinsons Because I Could Not Stop for Death' Explicator. 2007. Heldref Publications. 3 September 2017.

Yemen Oil Market Analysis Essay Example

Yemen Oil Market Analysis Essay Yemen’s economy, much like all the economies in the Middle East, relies heavily on oil exports.   Determining the politics of the region requires first a study in the production figures of Yemeni oil and the crude oil exports and petroleum imports.   In order to fully understand the politics of the region, it is beneficial to include other surrounding countries in the comparison. Yemen is a country situated in the Middle East and is attempting to become a worldwide leader in an economic setting.   The current economy of Yemen relies heavily on oil production, and it can be calculated that if oil production was non-existent in the country, the wealth of the country would fall further and possibly make the country one of the poorest countries in the world (World Fact Book).   The GDP of Yemen demonstrates how even though oil production is a major source of wealth in the country; it still is considered a fairly poor country.   The current figures of Yemen’s GDP are $22.74 billion (in dollars after the exchange rate), which makes Yemen number 85 in the world as far as GDP numbers (World Fact Book). We will write a custom essay sample on Yemen Oil Market Analysis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Yemen Oil Market Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Yemen Oil Market Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Comparing Yemen to the entire world is not an accurate depiction.   To garner a greater perception of Yemen’s situation, it is essential to discuss Yemen in terms of their position alongside other countries in the Middle East region.   The table below displays Yemen’s oil production in relation to Saudi Arabia, Qatar, UAE, Kuwait, Oman, and Bahrain.   This table represents how Yemen is in a fairly impressive position when compared to other major oil producers in the area.   Other countries have been producing oil for many years before Yemen, which means Yemen has made some progress in their production capabilities in recent years. Table: â€Å"Production of Oil in Middle East Countries as of 2005 (in thousands)† Yemen Qatar Saudi Arabia UAE Kuwait Oman Bahrain Production (bbls/day) 402 95 2,000 2,540 333 740 184 Source: IEA Understanding Yemen’s profits from oil and Yemen’s use of oil-based products is important when attempting to identify the strengths and weaknesses of Yemen’s economy.   The following table below displays Yemen’s oil exports and oil imports in barrels per day. Table: â€Å"Yemen Oil Exports and Oil Imports as of 2004 (in bbl per day)† Petroleum Exports Petroleum Imports Barrels Per Day 320,600 58,100 Source: World Fact Book One important finding from the table above is that Yemen has greater exports than imports.   Actually the amounts are nearly six times more exports than imports, which denotes the fact that Yemen is maintaining a great export market and not risking that market to meet domestic petroleum needs. 3.1.1 Political Factors Yemen’s current oil production is in a transition.   Currently, Yemen has an aging refinery and a more recent refinery that is supplying crude production capabilities.   Yemen’s dependence on foreign companies for oil services also contributes to the idea of attempting to find new sources.   A look into Yemen’s governmental control over oil demonstrates how the government is attempting to have at least minimal contacts within every facet of oil production and exportation. Yemen currently has two main refineries in which to conduct their oil marketing.   The Aden and Marib refineries compose the entire refined production capabilities for the country.   The Aden refinery is the oldest refinery in Yemen and was constructed by British Petroleum in 1952 and later acquired by the Yemeni government in 1977 (Yemeni Times Staff).   The Marib refinery is the most recent production facility online for Yemen (Yemeni Times Staff).   A real comparison of the two refineries is needed in order to denote production capabilities and compare the old style to the new style of oil refining.   The Aden refinery produces 120,000 barrels per day as of 2005 (Yemeni Times Staff).   The Marib refinery currently produces 10,000 barrels per day (EIA).   These two figures represent the advancement in technology that Yemen has experienced from the meager beginnings to the current production capabilities seen in the Aden refinery. Reliance of foreign companies is rampant in Yemen.   In particular, Yemen relies heavily on Hunt Oil and Nexen to procure exploration, production, and exportation.   Both of these companies have conducted exploration for years in Yemen, production facilities such as refineries, and exportation in the form of pipeline construction across the country (EIA).   Yemen’s reliance on foreign companies is in direct contrast to their governmental control over resources in the country.   Yemen does employ many private companies to produce and export their oil, but they still maintain control over these companies by either granting or denying land to drill in the form of concessions and by constructing production-sharing agreements (Oil and Gas Author).   The production-sharing agreements ensure the Yemeni government will get a share of the oil resources found in the country by mandating a large percentage of the royalties from the exportation of crude oil from the country to f oreign markets (Oil and Gas Author).   The current situation in Yemen is a strange dichotomy where much reliance on foreign entities is needed, but Yemen still maintains control to a great extent. 3.1.2 Domestic Production of Crude Oil Yemen’s current status in the world as a Middle East oil producer is comparable to other countries in the region.   Investigating Yemen’s current production and known reserves assists economists in determining Yemen’s leverage in oil production. Yemen is a non-OPEC oil producer and as such is ranked number 34 in the world for total production of oil (EIA).   As stated in the table from section 3.1, Yemen is in a fairly average position in terms of oil production in terms of 402,000 barrels per day as compared to neighboring countries (IEA).   Yemen’s current position in comparison to its neighbors appears to possibly be at a peak due to Yemen’s shrinking oil reserves.   The table below displays key dates where Yemen’s oil reserves have slowly declined starting with 100% reserves in the 1950s after the introduction of the first refinery, to a key pivot point in 2003, and finally to a point in 2012. Table: â€Å"Reserve Depletion in Yemen† Source: Thirumalai nbsp; The table demonstrates that in 2003, depletion of reserves became 2/3 of the total reserves originally present in the 1950s.   The table also displays how in 2012 the total reserves will be depleted and Yemen will not have any proved reserves left. 3.1.3 Domestic Consumption of Petroleum Products Domestic markets within Middle East countries do exist.   An unusual figure is the amount of domestic use of petroleum products in Yemen.   The main uses of these products involve energy markets.   Yemen’s two main refineries attempt to fulfill a majority of the domestic demand for petroleum products. The demand for petroleum products in Yemen is not much different from other countries around the world that currently do not supply a major amount of the world’s energy.   Yemen is in a beneficial position where the country produces a certain amount of petroleum products and the country as a whole uses less than what is produced by their production facilities.   The table below demonstrates the production of gasoline/diesel as well as residual fuel oil, and further displays the domestic consumption of these products. TABLE: â€Å"Production and Consumption of Gasoline/Diesel and Residual Fuel Oil (in tons)† Gasoline/Diesel Residual Fuel Oil Production 959,000 399,000 Imports 1,555,000 1,143,000 Domestic Supply 2,449,000 1,082,000 Net Available for Export 65,000 460,000 Source: IEA As the table above suggests, Yemen has 65,000 tons of gasoline/diesel available for export after the country fulfills its domestic needs.   Yemen utilizes importing to fulfill some of its domestic consumption needs because the two refineries they currently have presumably do not have the capacity to quench the domestic consumption.   The table above shows that domestic production is much lower than the imports of the noted petroleum products.   Compared to domestic supply, Yemen still contains some amount available for exporting due to differing production schedules (IEA).   This allows Yemen to derive some benefit from their resources through lowered imports for domestic consumption.   Currently, the Marib and Aden refineries supply all of the gasoline/diesel and residual fuel oil for domestic consumption and export. 3.1.4 Price Controls and Petroleum Product Subsidies Yemen maintains tight control over petroleum product prices.   Global pressures have caused Yemen to rethink their pricing policies.   The effects of price controls and subsidies have different impacts on the overall budget of the country. nbsp; nbsp; 3.2.3 Oil Field Licensing Blocks and Operating Companies Currently the Yemeni government is offering concessions for oil production to meet efficient production standards.   The major players in concession management are well established already within the company’s domestic production market.   However, Yemen realizes the economics of the situation and identifies the need for new concessions in order to establish a greater quantity of bids from a greater variety of companies willing to explore and produce in the country. The types of concessions developed by Yemen displays how oil reserves are found all around the country.   In order to fully understand the intricate development of the oil producing regions, it is essential to first identify the major players already established within the country.   Currently the major producers of oil that have enlisted many of the concessions blocks in the country are Canadian Nexen, Safer EP Operation Company, Total EP Yemen, Jannah Hunt, Dove Energy, DNO, Occidental, Calvally, VICOM, and OMV (EIA).   The Energy Information Administration identifies the fact that Yemen employs numerous and varied companies from different regions and locales.   Since the main companies participating in the concessions have been established, it is helpful to understand exactly what types of concessions these companies have rights to as well as what regions the concessions can be found.   The table below will display the companies already identified above as well as the co ncession blocks they control and what regions those concession blocks are found.   Also included in the table are the area size, year starting the concession, the accumulated oil production thus far, the average daily production of the particular concession, and the number of fields found within the concession. Table: â€Å"Concession size, region, name, production, and company rights† Block Name Region Company Area (km) Start Year Accum. Oil Prod. (mm bll) Avg. Daily Prod. (bpd) Number of Fields Marib (18) Marib Safer EP Operation Co. 8,479 1986 984.15 66,645 14 Masila (14) Hadhrmout Canadian Nexen 1,257 1993 936.81 134,161 16 East Shabwah (10) Hadhrmout TOTAL EP Yemen 964 1997 84.56 42,000 3 Jannah (5) Shabwah Jannah HUNT 280 1996 156.56 43,677 5 East SAAR (53) Hadhrmout DOVE Energy 474 2001 31.76 10,032 1 Hwarim (32) Hadhrmout DNO 592 2000 28.94 14,258 1 Damis (S1) Shabwah Occidental 1,156 2004 7.97 9,548 2 East Al – Hajr (51) Hadhrmout Canadian Nexen 2,004 2004 17.64 19,129 2 South Hwarim (43) Hadhrmout DNO 2,026 2005 4.16 7,484 1 Malik (9) Hadhrmout Calvally 3,530 2006 1.38 4,226 3 W. Ayad (4) Shabwah VICOM 1,998 1987 9.35 129 3 Al – Uqlah (S2) Shabwah OMV 2,100 2006 3,000 3 Source: EIA The concession of Al-Uqlah is currently not experiencing accumulated production, but is included because it is in the same region as the Jannah, Damis, and W. Ayad blocks.   Also, the Al-Uqlah block is already experiencing values for daily production in the 3,000 barrels per day range.   It can be presumed that this area will experience accumulated production soon due to the readily producing blocks found in that region and after the block has some time to further produce.   The table above also demonstrates that the length of time the concession began and the acreage covered by the concession will contribute some to the overall production of the concession, but smaller concessions with less time also have produced high numbers in terms of production capacities.   It is important to note that the major blocks in play are situated around three distinct regions, which further emphasizes that Yemen is concentrating production within a smaller sample of their country’s are a, but also emphasizes the idea that Yemen has some room to grow. Yemen has created many different concession areas, but currently the concessions that are having activity lie in only certain specific areas.   A concession map that is current as of February 2008 displays how Yemen is concentrating on production within only certain areas.   Below Source: PEPA: â€Å"Concession Map† nbsp; The concession map listed previously displays the producing areas or the areas that currently have active exploration.   The white areas are concessions that do not have production or active exploration.   The fact that many white areas exist on the map demonstrates that the government currently has many concessions up for bid, but it is also useful to discuss the concessions created and up for bid since 2003 to better understand Yemen’s concentration on further development.   As of right now there are a total of 87 concession blocks, 12 total producing blocks used by 11 companies, 26 blocks in the exploratory phase currently being explored by 16 companies, 7 blocks awaiting approval, and a total of 34 open blocks (PEPA: â€Å"Concession Map†).   These figures represent the stationary aspect of the concession leases and production, but also represent the prospects of growth that Yemen is attempting to exploit.   Problems with companies have existed throughout the years, and a majority of activity revolved around the recent 2000 decade.   In 2005 the Yemeni government terminated the Hunt Oil concession on Block 18 and instead gave the block to Safer Exploration and Production Operations Company despite the promise to Hunt to renew the lease on Block 18 (EIA).   This is an example of one of the many disputes and competitive actions that companies conduct for the Yemen concessions.   Other concession member companies have expressed interest in covering Hunt’s production, which is in reaction to Hunt’s dissatisfaction with the Yemeni government.   For instance, in 2005 the government was considering replacing Hunt with Premier Oil and the Yemen Oil Company specifically to combat the allegations surrounding Block 18 (Oil and Gas Author).   This conflict shows how the Yemen government does not want to use up time consulting existing oil companies if they do not wish to create a more harmonious relationship.   This als o signifies how Yemen is in a constant state of expansion whereby new partnerships and alliances will replace non-working partnerships in order to speed up production.   One of the more recent concessions involved the Iyad (Block 4) where Yemen awarded this concession to Korea’s KNOC (Oil and Gas Author).   Block 4 has yet to create any sizeable production as seen from the previous table concerning the concession productions, but the grant signifies Yemen’s acceptance of more diversity within the domestic oil production market.   The year 2005 experienced a dramatic increase in concession awards to a variety of companies, and these concessions are either producing or experiencing planning time before production may commence.   The following results from the 2005 bidding are as follows: â€Å"Oil Search (Blocks 7 and 74), Al Thani (Blocks 34, 37 and 55), and Occidental (Block 75)† (Oil and Gas Author).   A huge block was discovered to contain a large am ount of oil resources in 2003, which induced the Yemeni government to create a grouping of companies that will assist in the production of the oil rich block.   In 2003 a Canadian company called Calvalley made the oil discovery and the Yemeni government granted Calvalley, Reliance Industries and Hoodoil a license to develop Block 9 through 2025 (Oil and Gas Author).   The exploration was maintained throughout the years of 2003 and onward, which presented Yemen with more opportunities for granting bids on more concessions.   In 2004, Yemen granted a consortium of DNO and Transglobal Energy the rights to exploration of Block 72 (Oil and Gas Author).   Older bids that established this growth in concession building occurred in 2001.   OMV, Cepsa, and PanCanadian were granted production contracts for Block 60 (Oil and Gas Author).   As of today no sizeable production has occurred in this block according to the concession table and map, but these grants opened the door for fut ure production expansion for the country.   More current concessions are currently up for bid which attempt to expand the reach of production to include offshore areas as well as other land-based areas in the country.   The oil ministry recently Announced the Fourth International Bid Round for Offshore Exploration and Production. This round is targeting eleven offshore blocks, namely: Kamaran (22), Hodaidah (23), South Balhaf (46), Midi (55), South Mosina’ah (61), Atab (62), South Nashtun (63), Ra’s Mume (93), Abd Al Kuri (94), Samhah (95), and South Ra’s Mume (96) (EIA). nbsp; These areas represent the newest concessions that entrenched companies as well as any new companies wishing to conduct production in Yemen can bid on.   These bids will be granted to the highest bidder and are an attempt to create a more progressive society for Yemen.   The new blocks are of interest to many oil companies throughout the world.   For example, a conference for the new blocks commenced where â€Å"40 big oil firms [attended] including Shell, British Petroleum, Exxon Mobil, Oxy, Nexen, Oil Search and CCC† (Yemen Observer).   The attractiveness of Yemen has been enhanced by the earlier production sharing agreements and concession bids. The two major producers within Yemen are Nexen and Hunt, and these two companies currently hold major concessions in the country.   Nexen is a Canadian company that has been producing oil in Yemen for many years.   Nexen first created a presence in Yemen in 1993 when they were granted a concession in Masila   (Block 14) and began production that same year (Ford, 44).   Nexen had created a presence in Yemen early, which has assisted in further exploration projects and concession bids.   Yemen has had a long relationship with Nexen, which has created a trustful relationship whereby both the country and the company have benefited.   Nexen’s most recent Masila and East Al Hajr production in 2007 has had remarkable results and has become a major portion of the company’s total production.   In 2007, Nexen had produced a total 71,600 barrels of oil per day in the two Yemen concessions, which represents over 28% of Nexen’s overall production as a company (F ord, 44).   Nexen is experiencing substantial production growth due to their relationship with Yemen.   Nexen is also fortunate to have Yemen as a partner in production because the oil that remains in their concession blocks has bolstered their proved reserves.   Proved reserves are oil reserves that have already been explored and confirmed as being present within a given area, but have not yet been produced and procured from the ground (Mackenzie, 48).   Nexen has increased their total proved reserves by 4% by utilizing the concessions they control in Yemen (Ford, 44).   Nexen’s exposure in Yemen is considered one of the greatest single exposures of a company in a Middle East country.   Nexen has established their presence so much in Yemen that they are the largest project holder in the country (Ford, 44).   Nexen’s development in Yemen has flourished due to the relationship between the two entities that was established in 1993 and continues to this day.    Hunt Oil is another company with a very large control over certain concessions in Yemen.   Hunt Oil uses a subsidiary called Jennah Hunt Oil to control the oil concession they currently hold.   Hunt maintains Block 5 with a 15% interest and averages over 45,500 barrels per day from the production (Ford, 45).   The cumulative oil produced in 2006 from Block 5 production was in excess of 158 million barrels (Ford, 45).   In 2007 Hunt was mainly concerned with calculations for production as well as estimates of whether or not drilling of more wells would produce enough oil to garner the task.   2007 saw Hunt drill production wells at the Dhahab field and an additional two wells in the Halewah field have been granted for drilling (Ford, 45).   Hunt has experienced significant growth in technology associated with deciding the viability of certain areas of increased exploration.   The company has conducted reservoir simulation studies intended to determine drilling and capacity requirements that may be needed in the future concerning their Block 5 concession (Ford, 45).   Hunt Oil has had some complications with their relationship with Yemen, but has continued to exploit their concession to the fullest position possible.   The introduction of research on greater capacity and drilling denotes a step toward expanding their production in Block 5.   Hunt Oil and Nexen are two very different companies in their Yemeni participation as well as origin, but have created a majority of production in the country. Nexen and Hunt Oil command two of the largest pipelines for transporting crude oil in Yemen.   Hunt Oil was the first company to begin exploration in Yemen, and because of this fact was the first company to assist the Yemeni government in construction of the first major oil pipeline.   First, Hunt Oil constructed the Mareb refinery, which was later handed over to the Yemeni Oil Refinery Company, but introduced the pipeline to the world (Haifi).   Hunt created all of this construction within a relatively short time period.   During the years of 1986-1987, Hunt Oil and the Yemeni government conducted a construction of a pipeline that would run from the Mareb basin and down to the Red Sea (Haifi).   The construction project was a complicated procedure for an oil company, but was considered unbelievable in the industry.   The pipeline consisted of 437 km of piping that traveled over mountains and to a final port, which is considered one of the most difficult and largest const ruction projects ever in the world (Haifi).   The flow of the oil relays to the refinery and ultimately ends at a transport terminal in the Red Sea.   Hunt Oil and the Yemeni government proposed and created a floating terminal that is connected to the pipeline in the Red Sea where all of the oil from the Mareb basin is fed (Haifi).   Hunt Oil helps in the maintaining of the pipeline and operates much of the pipeline infrastructure and has continued this operation as long as the Mareb basin produces resources.   Nexen’s pipeline was constructed in response to a lack of transportation of crude across the country.   Nexen began their exploration and production in the early 1990s, which means the company, was the second company to begin production after Hunt.   Nexen created the Masila pipeline called the Ash Shihr pipeline that is 138 km long and has a capacity of 300,000 barrels per day (PEPA: â€Å"Pipelines Terminals†).   Nexen utilizes the pipeline in o rder to efficiently transport the products mined from the Masila concession area.   In both examples the pipelines were built by Hunt and Nexen and were pivotal to the development of Yemen’s oil production.