This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Cramer: Natural Gas Could Break OPEC

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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!
SYM TRADE IT LAST %CHG
UNG $14.41 0.14%
OIL $11.04 -2.60%
AAPL $126.87 0.36%
FB $80.01 -1.50%
GOOG $567.61 -1.30%

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs