This Day On The Street
Continue to site
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: Energy Independence Is Upon Us

Lindsey Bell: Now, what does it mean for our energy independence? Don't we need the government to back this?

Jim Cramer: When I say the government needs to be more involved, classically, the government has played a role when something is so big that the market can't handle it. This administration is not that inclined about fossil fuels. But when I say big, here's the problem: The oil tends to be where people aren't. The infrastructure needs to be built up around the oil. These are multiyear fields. The oil needs pipelines. You could say, "Jim, the oil's going to run out one day. You shouldn't move all those houses." But we need pipelines to go where the refineries are. If not, we're going to do it with rail; we need rail line laid.

We have a major shift going on where we can become energy self-sufficient, meaning our balance of payments is going to be much better. Our defense budget can go down.

So we have really a virtuous cycle going on. We're able to create more jobs and these are unskilled jobs, which is terrific. We'll be able to become energy self-sufficient. The government has to try to figure out how to make this happen faster. Maybe you say all federal trucks have to run on natural gas by 2016. That would be something that would do it.

I spoke with Ford (F - Get Report) the other day, their CEO, Alan Mulally. They're not even building any natural gas trucks; they're just not. Why is that? Because there isn't enough infrastructure for natural gas and there aren't enough vehicles for natural gas. This is a chicken-or-the-egg situation. The government has to be the chicken. The government's inability to recognize that this is a national issue is keeping us from becoming energy self-sufficient and bountiful. It has to be the government because the market is too small to handle it, believe it or not.

Lindsey Bell: Yeah. Just as far as stocks go, Core Labs is clearly a winner here. Who else?

Jim Cramer: Schlumberger because of Mexico and Iraq. EOG is still going to be a winner, the stock is down because of (CEO) Mark Papa's retiring. Then we don't know. I mean, this is the guessing game. You don't know who has these two other finds.

Lindsey Bell: All right. Well, keep your eye on Core Labs. We need to find more information about those two finds.

2 of 2

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG
CLB $119.91 -1.02%
F $15.29 -0.20%
EOG $89.15 0.17%
SLB $90.65 -0.38%
YHOO $43.07 -0.71%

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs