Cramer's 'Mad Money' Recap: Nov. 20

Seventh, a trillion-dollar infrastructure program in the U.S. is needed to rebuild the country from the ground up and create thousands of new jobs.

Lastly, the U.S. must get China and Europe to cut interest rates to 2% to head off a worldwide slowdown.

An Evolving Story

Cramer welcomed Andrew Littlefair, president and CEO of Clean Energy Fuels (CLNE Quote), to discuss the state of natural gas as an alternative fuel in a world with $50-a-barrel oil.

Cramer last recommended Clean Energy on August 1 at $13.19 a share, and again on Sept. 10 at $18.07 a share. Since then the stock has tumbled as the price of oil plummeted.

Littlefair said the process of changing transportation habits is evolving. He said that even right now, at places where diesel fuel is $2.71 a gallon, Clean Energy can provide clean, natural gas for the equivalent of just $2.15 a gallon. Littlefair said the natural gas model works long term and said oil will be heading higher again.

When asked why ethanol seems to favored more than natural gas in Congress, Littlefair said that's because Obama maintains energy security as one of his top priorities as do many in Congress.

Finally, when asked about the company's dwindling cash reserves, Littlefair told Cramer that the company does not burn any cash for operations, and only uses its reserves for capital expenditures associated with building new fueling stations.

Cramer said he's still a backer of Clean Energy and that when oil starts to rise again, the company should well positioned to prosper.

Sell Block

In this segment, Cramer told viewers that not all master limited partnerships (MLPs) are created equal. He said that while he's a fan of high yielding, energy-oriented MLPs, he sees declines in many of them as opportunities and warned of pitfalls to watch out for.

Cramer said there are two classes of energy MLPs: ones that make money from gathering and processing of oil and those that make money transporting oil. The latter, he said, are safe, while the former raise red flags.

Cramer singled out Williams Pipeline (WMZ Quote), Atlas Pipeline (APL Quote) and DCP Midstream (DPM Quote) as three MLPs at risk as oil prices plummet.

These three, he noted, need oil around $75 a barrel to make money. With oil at $49 a barrel, he fears the companies' dividends are at risk. Cramer cited Crosstex Energy (XTEX Quote) as an example of what can happen when an MLP cuts its dividend.

Cramer said he made a mistake recommending Atlas Energy Resources (ATN Quote), but stands behind his other favorite energy play, Kinder Morgan (KMP Quote).

Switching gears, Cramer defended his call to sell life insurance companies on the heels of scathing report from Goldman Sachs.

While admitting that perhaps he should not have treated all insurers equally in his sell recommendation, Cramer said the call helped save people from double-digit declines in all of the life insurance stocks since last week.

Lightning Round

Cramer was bullish on Teva Pharmaceutical (TEVA Quote), Alcoa (AA Quote), Flowers Foods (FLO Quote) and Family Dollar Stores (FDO Quote).

Cramer was bearish on Fastenal (FAST Quote), FMC Corp (FMC Quote), Freeport-McMoRan (FCX Quote) and Activision (ATVI Quote).

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