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Lindsey Bell:

Last night, Jim had

Core Labs

(CLB) - Get Core Laboratories NV Report


Mad Money

, and the big news here is there is not only one, but two, undiscovered big shales here in the U.S. How big are we talking?

Jim Cramer:

OK. You know, sometimes you get an interview and you realize that the takeaways are so huge that it's kind of mind-blowing. David Demshur is a very conservative man, he's the CEO. He came on and he point-blank said, "Eagle Ford, Bakken are huge shales, and there is definitely one other out there, maybe two." Now, how big are these? Mark Papa, the CEO of

EOG Resources

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, has said that Eagle Ford is a Saudi Arabian-like field. That means everywhere you put a drill bit, you find stuff. Bakken has already been considered to be as big as Prudhoe Bay, the 1960s find that was the largest find in 50 years. Bakken is not as big as Eagle Ford, but they're both gigantic. The fact that there's a third could mean that we won't even have to import oil to North America in 2015.

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Lindsey Bell:

Wow. That soon.

Jim Cramer:

Yes. Much quicker than people realize. It's possible, if there are two finds, that the continental United States itself, not just the North American continent, could be energy self-sufficient by, say, 2017, 2018. This is remarkable. Now, why should Core Labs know? Lindsey, they are the guys who map out the reservoirs. So there isn't anyone in better shape to know.

At the same time, benefiting Core Labs is Mexico, which is really beginning to drill very aggressively after multiple years where they weren't. They all have money because they're deregulating PEMEX. It actually costs money to buy gasoline now in Mexico. I think more important for Core Labs is Iraq. Now, we always heard that Iraq had the possibility of producing 10 million barrels. That was in 2002. The drilling in Iraq, it looks like it belongs to Core Labs. I thought


(SLB) - Get Schlumberger NV Report

would be bigger. Schlumberger does compete with them in some ways, but this is a big story for Core Labs. The stock is not up enough, and it's a huge story for America if we really do have those two finds.

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


(F) - Get Ford Motor Company 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.