Evidence item

Brookings places the historical pattern change around 2010 and contrasts it with the pre-2000s period. DIRECT_TEXT

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Source: From importer to exporter: Oil shocks and the US economy · locator {} · excerpt hash sha256:5f6dba55e17cbde751309295ac314678a29cd2fedf9de18d80430b8d38d97dc5

From the 1973 OPEC oil embargo through the early 2000s, major disruptions in global oil markets were typically followed, with variable lags, by a U.S. recession and rise in unemployment, the authors note. But, they write, the pattern appeared to change around 2010.