Cramer: Get the Oil Game Plan

This column was originally published on RealMoney on April 24 at 11:17 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

After all the talk about energy independence and more drilling and a sense that there's oil, oil everywhere, we find once again that we are always one producer away from the posse. Nigeria, yes, Nigeria, can take us perilously close to $70. You get Nigeria and Venezuela off their games and you are in the mid-$70s per barrel of crude.

That's why you can still buy drillers, something that you're getting a chance to do off the BJ Services(BJS Quote - Cramer on BJS - Stock Picks) quarter. I know that Halliburton(HAL Quote - Cramer on HAL - Stock Picks) is like BJ and I have no expectations for this quarter. I also know that the international drillers -- Transocean(RIG Quote - Cramer on RIG - Stock Picks) and GlobalSantaFe(GSF Quote - Cramer on GSF - Stock Picks) work best -- and that National Oilwell Varco(NOV Quote - Cramer on NOV - Stock Picks) makes a ton of sense.

But I also have to caution that oil going higher is still a gigantic negative for so many companies that you can expect it to be a damper until we see the Fed reacting to the new tax on the consumer -- at the pump -- and make a move that is so darned necessary.

So, the takeaways: International oils now, domestic drillers after these quarters (go read Schlumberger's(SLB Quote - Cramer on SLB - Stock Picks) quarter if you disagree) and oil and gas plays, domestic and Canadian, in the third quarter.