NEW YORK (
, which owns natural gas assets in Australia, received on Monday a $3.3 billion takeover bid from
Royal Dutch Shell
-- and Jim Cramer declared on his
segment on CNBC that Arrow Energy is an important piece of business.
Cramer said there is a rush for oil companies to be in countries where they won't give you a hard time or possibly kill you -- the type of obstacles a company might encounter in, say, Russia or Nigeria. By comparison, Cramer says the United States and Australia are great places to do business.
Meanwhile, Cramer noted that
pricing power, which was exhibited this weekend when ABC was pulled from Cablevision customers in the New York area, comes from ESPN.
Major League Baseball struck a deal with ESPN to stream live events over the site. ESPN will use the technology services of MLB.com, which include
Stockpickr Answers Which is better going forward: MSFT, ORCL or EMC?
During the show, Cramer predicted that consumers will use Apple's iPad to watch games on ESPN. "ESPN is definitely partnering with the right people," he said. "Those are the players for a video tsunami."
On a more political front, Cramer said President Barack Obama has been taking
comments about HMOs out of context.
Last week, an insurance broker, during a conference call organized by Goldman, said that insurance companies are well aware that they will lose customers if they continue to raise premiums. But Obama said that since there isn't much competition, insurers don't have any incentive to put the needs of the customers first.
But Cramer defended the companies saying: "The healthcare business is a cycle and it has been on a bad downturn.... These guys haven't really ripped anyone off."
-- Reported by Jeanine Poggi in New York.
Follow TheStreet.com on
and become a fan on