TheStreet.com TV Recap: Unstoppable Energy

Get used to energy prices at these higher levels. "Energy prices are in a permanently higher echelon," Jim Cramer said on TheStreet.com TV's Wall St. Confidential video Tuesday.

Which companies stand to benefit?

Schlumberger (SLB Quote), GlobalSantaFe (GSF Quote) and Transocean (RIG Quote) all "have a great book of business," even though they haven't been great performers, he told Aaron Task, the host of Wall St. Confidential.

What this tells us is that the only place that's doing well is deep-water reserves, Cramer said. However, it is very difficult to get at deep-water oil sources, which is why oil is higher, he explained.

The profits at Exxon Mobil (XOM Quote) have a lot to do with the fact that the company is using oil it found when prices were much cheaper, Cramer continued, but this will come to an end.

Taking a longer-term view of oil and natural gas, "It's inaccessible," Cramer said, adding that while we're not running out of oil, we're only finding it in places that are expensive.

"You can't expect oil to go back to $30, $40; and on the demand side you can't expect China and India to use less," Cramer said. "You have this great combination that's going to keep the equilibrium higher than it used to be."