This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer's 'Mad Money' Recap: The Fiction of Clean Coal

Click here for an archive of Cramer's "Mad Money" recaps.

"Coal cannot be clean," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

When both presidential candidates tout "clean coal" as an answer to the nation's energy problems, they are indulging in "magical thinking," he said.

He said the true promise of "clean coal" is to remove or at least reduce carbon dioxide emissions, but no company has that technology yet. He said such technology is anywhere from three to 10 years away.

Meanwhile, he said, the smarter, more pragmatic approach would be to focus on incremental solutions to make coal cleaner. Specifically, he noted current technologies such as scrubbers and boilers, which can remove much of the sulfur, nitrogen and mercury from coal.

He said the best play on cleaner coal technology is Foster Wheeler (FWLT), a stock which he owns for his charitable trust, Action Alerts PLUS . The company is a leader in coal fluidization boilers that can remove 95% of the sulfur from coal.

Cramer Interviews Petrohawk Energy CEO

Cramer last interviewed Foster's CEO on May 7. Since then, the stock is up 14%. "It's not done going up," he said. With energy demands expected to grow 40% between 2005 and 2030, Foster is positioned to be a leader in that growth, he noted.

Foster Wheeler also has exposure to the liquefied natural gas business, which is expected to grow from an $8.7 billion business to a $25.4 billion business by 2011. Cramer urged viewers to not believe the "clean" coal hype, but to instead invest in "cleaner" coal with Foster Wheeler.

Cramer: GM and Ford Are Lemons
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BAC $17.44 -0.17%
C $54.08 -0.18%
EWBC $43.30 0.23%
FWLT $27.52 -3.06%
FHN $14.89 -0.20%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs