Mad Money Recap

Cramer's 'Mad Money' Recap: The Bulls Go Marching (Final)

Stock quotes in this article:BP, BNI, CSX 

Natural Gas Drilling Study

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Cramer spoke with Rep. Maurice Hinchey (D., N.Y.), who recently introduced legislation to study the effects of hydraulic fracturing, a method of drilling for natural gas, on our nation's drinking water. Cramer said all opinions need to be aired when it comes to using natural gas a bridge fuel for the future.

Hinchey said that his bill is aimed at making sure that drilling for natural gas is not done in an irresponsible manner, in a way that would harm either air or water quality or personal safety of nearby residents. He said that his aim is not to delay the expansion for drilling in the U.S. but simply to study it and make sure it's being done wisely.

Hinchey refuted claims by the Sierra Club and others that hydraulic fracturing has never caused any damage to drinking water by saying that he has seen evidence that if drilling is not done properly, it can, and has, caused such damage.

Cramer said that if Hinchey's bill delays drilling in the U.S., that would be bad news for the naturla gas drillers, and he'll be watching this study closely.

Lightning Round

Cramer was bullish on BP (BP), Burlington Northern Santa Fe (BNI), CSX (CSX), Potash (POT), MarkWest Energy Partners (MWE) and BP Prudhoe Bay Royalty Trust (BPT).

He was bearish on Chevron (CVX).

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here.

>To order reprints of this article, click here: Reprints

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At the time of publication, Cramer was long Apple, BP.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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