Jim Cramer's Best Blogs

Still, isn't it surprising that without strangely hot weather, with gasoline allegedly sky-high, employment teetering, real estate collapsing, we don't use less energy?

To me it is a sign of health and a sign of, well, weirdness. We should be well over the hump in a decline in everything. We should be up to our eyeballs in copper and lead and zinc. Instead, we still don't have the infrastructure in place to tap all we have worldwide. We should be able to hold down natural gas, as the pull to transfer from oil to natural gas hasn't happened yet.

But nothing works right. Nothing.

And so it goes. More pressure ahead. More upward pressure. No breath taken.

At least not yet.

So the worries about inflation do not abate and we can't get the new cycle going because of it.

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

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Energy Will Come In but Not Crash

Originally published on Wednesday, May 28, at 8:45 a.m.

What is the right level for oil? Where should it be? Should it be at $100? Should it be at $120?

A lot of that depends on how you think we got here. If you think like the some of the testimony we have been hearing on the Hill, it's a combination of hedge funds who have embraced commodities as an asset class and hoard oil, and a lack of supply coupled with incessant demand.

If that's the case -- and I am not sure it is -- then the hedge funds will let loose some of their hoard if the price really breaks, as they will theoretically not give up the gains.

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