Natural Gas Nabobs May Come Around

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I am getting nervous about my strong natural gas stand. The year of natural gas, as I call it. I am getting nervous because I am beginning to hear people talk about natural gas as an alternative to oil.

Heavens!

Natural gas is the easiest, cleanest, most abundant and best fuel around, but neither the president, nor any of the candidates believe in it. The stocks, Apache(APA Quote), El Paso(EP Quote), Anadarko(APC Quote), , XTO(XTO Quote), Ultra(UPL Quote), , Southwestern(SWN Quote), Chesapeake(CHK Quote), Encana(ECA Quote) have all moved so much that I worry without a switch from the top out of ethanol and into natural gas, we are going to be liking these stocks solely for their asset values -- as nat gas goes up -- and not for their replacement value. I care about both because natural gas futures tend to be so volatile that a quick downturn because of a week or two of an inventory build is going to cause quite a spill.

I think the politicians will hear the drumbeat, but they have been deaf to it so far. It's pretty inexplicable.

I care about the politicians because I want a multiyear move in natural gas like the multiyear move we have had in ag. It will not happen unless the fuel has wide adoption. Still, it is good, at last, after fabulous moves in the stocks, that the rest of the media is identifying the theme.

At the time of publication, Cramer was long El Paso, Freeport McMoRan and XTO Energy.