Cramer's 'Mad Money' Recap: Jan. 12

Hackett said that while there has clearly been a huge drop in demand for oil and natural gas, companies have been responding by decreasing production, and he believes the price of natural gas will rebound. He said the markets were overbought prior to the slide, but he now feels the markets are oversold compared to the state of the global economy.

According to Hackett, Anadarko is still benefiting from smart hedging put in place last year, and the company is enjoying a strong balance sheet, giving the company all of the money it needs for its exploration and production goals.

Hackett said consolidation in the natural gas business is likely given conditions, but he said that Anadarko is not looking to acquire since its money is best spent buying its own stock given it's the lowest cost provider of natural gas.

Cramer said he's still a fan of Anadarko, given its 43-point slide from its highs and is an industry leader.

Outrage of the Day

Cramer again sounded off at Treasury Secretary Hank Paulson for allowing Lehman Brothers to fail. He cited interview after interview where Paulson said the Federal Reserve couldn't find a buyer for the firm and that the Fed didn't have the authority to step in.

Yet after the Fed allowed Lehman to fail on Sept 15. of last year, it stepped in two days later to bail out the worst of the worst, AIG (AIG Quote). AIG, he said, was a far worst deal for the American people and led the markets down a horrible path.