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Cramer: An Infra Opportunity for Obama

 

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Memo to Barack Obama: Start building oil facilities right now -- tankers, tanks, whatever. Fill up every preserve you can. This is the time to buy oil for America even if you don't like carbon footprints.

The new president is being given a once-in-a-lifetime infrastructure opportunity to build enough tankers and tanks to sop up the supply. That's what is needed more than anything. We can't drill for these prices economically anymore, and oil is obviously overflowing everywhere. Right now, we are out of storage in this country. That's one reason the price has fallen so precipitously -- there is nowhere to put it. I don't think there is a soul who believes that oil will be down here two years from now. We should be filling and creating a strategic petroleum reserve that is big enough that this will never happen again. NEVER. ...

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