NEW YORK ( TheStreet) -- The discussion about Iranian oil on or off the market is a sideshow compared to the platonic shifting in the energy space. Yes, Iranian embargoes by European countries may have a slight short-term influence on world prices, but three years from now it won't even be remembered. Increased European sanctions are scheduled to begin in July.Iran may have to take less for its oil. However, it's naive to believe Iran will not find a willing buyer. It's simple economics and it trumps the will of politicians every time. All it takes is one consuming nation with the capacity to buy oil on the cheap. It's difficult to even imagine a heavily discounted price as the list of countries willing to buy at a small discount is well beyond the capability of Iranian production.
Natural Gas Will Dictate Oil Prices, Not Iranian Sanctions or OPEC
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