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RealMoney Radio: The Politics of Oil

Cramer says solving threats to energy supply are key to moderating high prices.

"Face it," Jim Cramer told his

"RealMoney" radio show listeners Friday. "You're angry that you need a car to get around, angry that you need gasoline for your car ... angry that it costs $60 to fill your tank. Angry that you'll probably be paying more than that in the months ahead."

Politicians have noticed the anger because it's election time for many of them, he said. They want their constituents to know that they're doing something to lower gas prices, including launching price-gouging investigations, giving fuel rebates, easing taxes and probing the tax records of oil companies.

"These proposals will not work," he said. If you want to lower gas prices, Cramer said, lawmakers need to truly address supply and demand.

Let oil companies do what they do best, which is explore, drill and refine, he said. He added that the U.S. needs to ease restrictions and give the oil companies incentive to do better.

We don't need to levy more taxes on oil companies, he said, even though they have been raking in record profits. These earnings are not the cause of high prices at the pump, said Cramer. Fuel prices are high because of threats to supply, he said.

Why are we not doing more with coal in this country, he asked, noting that other nations have come up with technology to create oil from coal and shale. He said that the U.S. is doing nothing meaningful with its carbon-based economy.

The Corporate Gene Pool

As part of the homework that Cramer recommends, he always tells listeners to assess the quality of a company's management.

One way to do this is to look at the "bloodlines," he said.

For example,

Newell Rubbermaid

(NWL) - Get Newell Brands Inc. (NWL) Report

brought in Mark Ketchum as chief executive.

Ketchum used to work at

Procter & Gamble

(PG) - Get Procter & Gamble Company Report

TheStreet Recommends

, where he did a great job. Not surprisingly, Cramer said, Rubbermaid stock went up four points after the new CEO took the reigns.

Cramer owns both Rubbermaid and Procter & Gamble for his

ActionAlerts PLUS charitable trust portfolio.

On the other hand,


(NCR) - Get NCR Corporation Report

brought in a CEO who had been a poor manager at

Symbol Technologies


. Cramer called this man a "joker."

If a manager is from a good culture, "it could be money in the bank," he said. If the CEO is from a bad corporate culture, you may have to sell.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long Newell Rubbermaid and Procter & Gamble.

James J. Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict."