TheStreet.com TV Recap: Unstoppable Energy

When Task pointed out that Exxon is still looking at forecasts where it wants to drill at $30 to $40, Cramer said he questions this because Exxon just negotiated an "unfavorable" contract with Venezuelan President Hugo Chavez.

"You don't negotiate unfavorable contracts with dictators if you really and truly believe oil is coming down," he said. "You walk away from the table, and Exxon did not. To me, actions speak louder than words."

On the natural gas side, Cramer said that because it has never been "well stored" in the U.S., when it's warm there's no place to put it so it comes down. And when it's cold, natural gas gets used up quickly, which causes the price to go up.

What's interesting here is that Canada didn't drill a lot of natural gas, which Cramer believes is "related solely to the ridiculous and moronic approach of the Canadian government to make it so that the main companies that were profiting from natural gas lost their protected status."

This made it seem as if natural gas was finished, he said, whereas, in fact, "It's not finished at all."

Universal Compression (UCO Quote) and Halliburton (HAL Quote) both had good numbers recently.

But in the case of Halliburton, the perception is the numbers are worthless because of its natural gas component, Cramer said. Many of the analysts have decided to go long the Oil Service Holdrs (OIH Quote) and to short companies that can't be taken over, he said.

Halliburton has been the "whipping boy" and its short position has increased "incredibly," Cramer went on to say. But if it takes action and buys a company or changes the way it's going to distribute KBR (KBR Quote) in the spring, "the shorts will then have huge, huge problems."

As for individual investors, when Task asked how one would invest in asset types such as copper when all of the hedge funds are targeting them, Cramer advised buying Southern Copper (PCU Quote), "which has a good yield."

He believes copper will be in short supply in the long run because hybrid batteries in cars use a "gigantic amount" of the mineral.