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Initiative introduced in California in 2007 aimed to reducing the carbon intensity of transportation fuel by 10% by 2020

The Organisation of Petroleum Exporting Countries e.g. Iran, Iraq, Kuwait

The year in which the world or an individual oil-producing country reaches its highest level of production, production declines after

The extra cost built into the price of oil to allow for any disruption in supply

Something that is done as part of a plan that is meant to achieve a particular purpose or to gain an advantage