Oil and gas? If the president were simply to say, "Our goal is for us to be energy independent in this continent by the end of my administration," he actually might be able to pull it off. It could produce a million jobs if he did it, just in the oil and gas business. That's not even including the ancillary small businesses, as well as all the factory jobs that would be moved to where the energy from other countries. Yep, that's how cheap our energy has become.
The problem here is that in order to get to energy independence within President Obama's time in office, the president will have to say "Look, I hate fossil fuels, but we are going to emphasize natural gas in this country as the surface vehicle, the way they do in other countries with bountiful natural gas."
The president has the ability to order federal government automobiles to convert to natural gas, which would then foster a huge job-creating infrastructure to support those vehicles, which would then make the importation of oil for diesel fuel, one quarter of all that is imported, an irrelevance.
But instead, the president, in order to not anger his environmental base, says that he favors all sorts of energy, which is the same as saying nothing. You need to say, "Natural gas is our fuel, and we are going to use it to make cleaner skies and be energy independent."Mind you I am not talking about giving this industry one red cent, unlike the handouts that the farmers got for ethanol or the bankrupt artists got for solar. The jobs that would come from giving banks certainty when it comes to lending and lending the government's support to natural gas, not just solar and ethanol, could get us out of this jobless recovery. But the feds have to stop hindering the cause and start helping it. There is a way. I just don't know if there is a will. At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in stocks mentioned.
Maybe Ditch the Kinder Waiting Game Posted at 8:06 p.m. EDT on Thursday, April 18 Kinder Morgan Energy Partners (KMP) is one of those stocks that you keep thinking, "When it comes in, I will buy it." But it never comes in. Not even when so many of these MLPs are doing secondaries does it sell off and you know they are total birds of a feather.