TheStreet.com TV Recap: Unstoppable Energy

Get used to energy prices at these higher levels. "Energy prices are in a permanently higher echelon," Jim Cramer said on TheStreet.com TV's Wall St. Confidential video Tuesday.

Which companies stand to benefit?

Schlumberger (SLB Quote), GlobalSantaFe (GSF Quote) and Transocean (RIG Quote) all "have a great book of business," even though they haven't been great performers, he told Aaron Task, the host of Wall St. Confidential.

What this tells us is that the only place that's doing well is deep-water reserves, Cramer said. However, it is very difficult to get at deep-water oil sources, which is why oil is higher, he explained. ...