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Will oil price stability dominate the 1990s? Analyst Philip Verleger thinks so. Using a measure of market concentration the U.S. government uses to assess mergers, he sees OPEC's prices in the long term reaching levels comparable to those in 1980. However, a concentration of market power among consuming nations, led by increasing U.S. imports and EEC economic consolidation after 1992, will enable consumers to dictate prices through import limit policies by 1995, he says.

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