Stanford economist Frank Wolak says the drop in oil prices and demand reflects heightened energy production in North America, better technologies and the declining market power of the OPEC countries. However, ARCO alums at a recent happy hour in Houston were more upbeat. Said one ARCO alum, “I have spent my career tracking price fluctuations. U.S. production won’t change the current oil prices, but the Saudis will. I believe that will happen in the near term. Read the article and take our survey to tell us what you think.