Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Cramer: Natural Gas Could Break OPEC

Stock quotes in this article: UNG, NGT, OIL 

Natural gas could boast job production and put pressure on OPEC, said Jim Cramer. But Congress needs to get on board and that doesn't seem likely.

"You want to create jobs, go nat. gas. Open up a thousand gas stations and we will break OPEC. We will break OPEC. You switch to trains. Union Pacific is the largest user of diesel fuel in the world. They have, right now, West Port innovations is developing locomotives that would switch to natural gas. We could break OPEC in three years," Cramer said.

Yet, Congress has thrown its support behind other energy sources, failing to pass pro-natural gas legislation. Yesterday, the National Gas Act failed in Congress by six votes, Cramer said. The bill would have provided commercial truckers with a tax credit to turn in diesel burners and replace them with a costlier natural gas vehicle. These truckers use about 25% of imported oil in the U.S.

"They are anti-fossil fuel and so it doesn't jive with their battery fixation," Cramer said.

But Cramer isn't sold on the safety of batteries.

"My best friend is a junk dealer. He won't touch those batteries. He says that that's the next toxic, that the next EPA runaway Gowanus Canal. It's the love canal and people don't talk about that either," Cramer said.

At the time of publication, Cramer was long XXX.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,294.50 -12.67 -0.08%
NASDAQ 3,459.42 -3.88 -0.11%
S&P 500 1,650.51 -4.84 -0.29%
US 10 Yr 2.023% -0.003

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs