Oil: What You Need to Know

China Watch: Breaking Into Oil (Video)

Brittany Umar and Patrick Schultz break down how to play China's emergence into the oil-fields services industry.

To watch the video, click the player below:

From High Crude Oil Prices? It's the Fed, Stupid:

To be sure, geopolitical strains and global supply-and-demand forces are impacting the rising price of crude. But oil is priced in dollars and the dramatic decline in the value of the greenback of late has to be giving upward momentum to crude prices.

By keeping interest rates low, the Fed is raising the supply of dollars and other forms of liquidity in the financial system, thus weakening the value of the U.S. currency. But the lack of scrutiny of the central bank in the current oil debate is curious.

Read the full article. Plus, don't miss Oil's High -- Suck It Up (Jul. 1) on TheStreet.com TV, where RealMoney's Dan Dicker argues that the U.S. government will soon take a disastrous action to remove speculation in the oil markets.

From Cramer: Don't Be Fooled by Dollar-Oil Excuses (Video, Jul. 1):

Cramer: "Oil has nothing to do with the dollar, other than a miniscule amount of pricing... This thesis has cost you billions... It has made you focus on the dollar as opposed to focusing on supply and demand, it has made you feel that the U.S. is the 'swing vote' in oil -- it's clearly not. [The swing vote is] China."

Watch the video on TheStreet.com TV. Plus, don't miss these oil-focused "Wall Street Confidential" videos on TheStreet.com TV: Cramer: Best Time to Buy Oil (Jul. 1), Cramer: Factors Pumping Up Oil Prices (Jun. 30), Cramer: U.S. Oil Inventories Don't Mean a Thing (Jun. 27), Cramer: Calling Out the Oil Lies (Jun. 21), Cramer: No Stopping Oil Prices (Jun. 19), Cramer: If Your Stock Needs Oil, Don't Own It (Jun. 9), Cramer: This Is Not a Recession Led by Oil (May 20), Cramer: Disregard Oil Inventory (May 7) and Cramer: What Controls Oil Prices (May 6).

For more oil insights from Cramer, read Cramer's 'Mad Money' Recap: Reaping the Benefits of High Oil Prices, as well as his five-part "Mad Money" series on "wildcat" drillers: Cramer's 'Mad Money Recap': How to Beat High Oil Prices, Cramer's 'Mad Money Recap': Putting Housing Ahead of Inflation, Cramer's 'Mad Money' Recap: Peru Play, Cramer's 'Mad Money' Recap: A Home-Grown Natural Gas Play and Cramer's 'Mad Money' Recap: Next Week's Game Plan.

From How to Play $200 Oil:

Anadarko (APC Quote) is especially prepared for the prospect of $200 oil, both on the natural gas side and on the oil side. It has international exposure, but with oil that high, transportation costs will become an issue for the major oil companies. For U.S. domestic usage, the Gulf of Mexico is a strong local source. Anadarko is drilling deep to develop new fields, and it has the best rig inventory lockups in the Gulf. In both the Miocene and Lower Tertiary Prospects, it is planning on drilling an additional 10 to 15 wells for exploration and appraisal. More oil and gas means more profit.

On land, Anadarko has an equally impressive record.

Read the full article. Plus, don't miss these videos on TheStreet.com TV: Cramer: Why I Love Anadarko (May 6) and Cramer Interviews Anadarko Petroleum CEO (Mar. 25).

From Airline Stocks Could Triple If Oil Settles:

Avondale Partners analyst Bob McAdoo, in a report Wednesday [Jun. 25], said there was "little chance" airline shares could rise much with crude oil prices fluctuating between $2 and $4 a day.

"Once oil stabilizes, and it becomes clear to the broad group of investors and pundits that the legacy airlines are not all going out of business, we expect a doubling or tripling in airline share prices," he wrote.

Read the full article.

From Oil's Attendant Job Cuts Weigh at American:

As flight attendant No. 17,702 at American Airlines (AMR Quote), Mary McAlee faces the very real possibility that she will be laid off next month [August]. Because of her position at the bottom of the seniority list, McAlee has a clear view of the harsh realities of higher fuel costs on the airline industry.

To be sure, it is not just airline employees who are hurt by skyrocketing fuel costs. Investors have watched American shares plunge 65% this year. Executives are being forced to shrink the company they helped to build, and passengers must pay more as fares and fees climb.

Read the full article.