Evidence item

The paper’s aggregate result does not mean every household or firm benefits; higher oil prices still raise costs and reduce energy users’ purchasing power. EXPERT_ANALYSIS

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 13599

Source: From importer to exporter: Oil shocks and the US economy · locator {} · excerpt hash sha256:8db5aeecc6b82e12f6e498111ec256ac09a8d5a95a9b0a757a038e2940b32ad7

Exact excerpt

The findings do not imply that higher oil prices are unambiguously beneficial for every U.S. household or firm. They continue to raise production costs and reduce the purchasing power for energy users. Rather, the shale revolution has changed the balance of aggregate gains and losses sufficiently that an adverse global oil supply shock need no longer generate a U.S. recession.

Linked claims

Claim	Direction	Relevance	Steps	Counted
230a8e39	QUALIFY	DIRECT	0	yes

Audits

None.