The article looks at how different regions in the US react to changes in the global crude oil market. By studying demand and supply shocks, the researchers found that most regions see a drop in real personal income when there is an oil supply shock. Global demand shocks lead to a recession in most regions, except for the Rocky Mountains and the Southwest. Oil-producing regions are not affected by global demand shocks, while non-oil-producing regions experience a decrease in income. Positive impacts are seen in oil-producing regions from oil-specific demand shocks, but non-oil-producing regions face a recession. The study also shows that small and large oil shocks have different effects on regions, and the type of industries in a region can influence how it responds to oil shocks.