Solar, Wind and Nat Gas Generate Excitement

Sun, natural gas, wind. Anything but oil. This morning we got great news from Renesola (SOL - commentary - Cramer's Take), the world's biggest recycler of scrap for solar panel manufacturing, reported blowout numbers. While I don't like this kind of solar wafer business -- I like thin film -- demand is off the charts for the stuff, allowing First Solar (FSLR - commentary - Cramer's Take) to break out at last. I think it goes higher.

Or how about the big plan announce this morning by Scottish & Southern Energy to build a gigantic sea wind park, with a capacity of 500 megawatts. That's baseline power, not peak, and it will be done by 2011. More business for Fluor (FLR - commentary - Cramer's Take), which is a pro at this, and for the composite makers of wind blades. Think Owens Corning (OC - commentary - Cramer's Take).

Meanwhile, we have a nice pullback in the natural gas stocks that won't last post-Encana (ECA - commentary - Cramer's Take). Oil at $124 means natural gas going to $18 for parity. Unstoppable. These trends are real and profitable and must be played. They will not quit even with oil over $100.

You can wait for an oil pullback, but think of this: Iran takes off 500,000 barrels a day, and you can't get oil below $120. It is that tight. Forget what you read about a slowdown in demand because of price.

It hasn't happened.

I don't think it happens until we get to $150, which translates to north of $5 a gallon. Then you are getting to the $100 fill-up.

That's where the demand dies out.

Not until then.

At the time of publication, Cramer had no positions in stocks mentioned.

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