In a special interview, Cramer spoke with Senator John Hoeven, R-N.D. about his state's rise to the fourth largest oil producing state in the country and one that's doubled its natural gas output since 2006.
Hoeven said North Dakota developed a comprehensive energy plan 10 years ago that emphasized the development of all the state's natural resources, both traditional and renewable.
He said the fruits of that plan can now be seen, with North Dakota not only producing a lot more oil and gas, but also its ability to generate power for nine states as well as it being one of the largest wind power states.As a result of his state's energy renaissance, Hoeven said North Dakota is open for business and looking for workers. He said the state's biggest challenge is building the infrastructure needed to handle the influx of development. Hoeven pointed to North Dakota's public private partnerships as creating tremendous opportunities for businesses of all types. When asked about the environmental impact from more drilling as concerns over waste water continue to permeate the media, Hoeven said that in North Dakota waste water is pumped right back into the well where it came from in an environmentally friendly way. He said the technology exists to drill responsibly. Cramer called his interview with Hoeven uplifting, saying that there may be hope for American energy independence after all.
Fast Growing MarketsIn the "Executive Decision" segment, Cramer spoke with Jeff Bradley, CEO of Globe Specialty Metals (GSM), a company that's the No. 1 producer of silicone in America and No. 2 in the Western world. Globe Specialty Metals just delivered a two-cent-a-share earnings beat and shares have tripled since Cramer first got behind the company. Bradley said that Globe sells into a number of fast growing markets, including the solar, aluminum and silicone industries. He said with new plants taking five to six years to bring online, the current market is simply supply and demand leading to higher prices and profits for Globe. Bradley explained that the product Globe produces is used to add strength and cast-ability to aluminum, and is the raw material other companies use to make pure silicone for solar panels and semiconductors. It's also an ingredient in the production of steel. Bradley went on further to highlight his company's newest plant in Iceland, a land rich with abundant, low-cost energy, which is one of Globe's main input costs. He said the new plant will be a lowest cost producing plant in Europe, and will supply both that continent and Asia. Finally, when asked about Globe's American operations, Bradley stated without hesitation that America is a great place to operate, and his company is proud to employ some 900 workers with high paying union jobs. Cramer continued his recommendation of Globe Specialty Metals.
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