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1 NE — — 1 M S I i E N — I — E MI N — 1 <br /> The Oil Cycle <br /> CPI vs Oil Price Global primary energy consumption by source Our World <br /> in ID <br /> Primary energy is calculated based on the'substitution method'which takes account of the <br /> Rolling 5-Year Cumulative Growth (%) inefficiencies in fossil fuel production by converting non-fossil energy into the energy inputs required I7 <br /> they had the same conversion losses as fossil fuels. <br /> 110.00 450 <br /> 400 <br /> 90.00 Otherrenewabtes <br /> 350 160,000 TWh Modern b oruels <br /> W:nd <br /> 70.00 300 140.000 TWh <br /> t-1ucIe r <br /> Gas <br /> 250 120.000 TWh <br /> 50.00 <br /> 200 100.000 TWh <br /> 30.00 150 80.000TWh of <br /> 100 60.000 TWh <br /> 10.00 , 50 <br /> 40.000 TWh <br /> Coal <br /> 40.00 / a •� 2 4 °a , 1 = 0 20,000TWh <br /> $0 OTWh Traditional biomass <br /> 1800 1850 1900 1950 2000 2019 <br /> -30.00 -100 <br /> Source Vaclav Smil(2017)&BP Statistical Review of World Enemy Ourworldlnoataorelenerev•CC BY <br /> —5-Year CPI Growth Ohs) —5-Year Oil Price Growth(rhs) <br /> 7 <br />