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This moment's a bad setup, Jim Cramer told his

"RealMoney" radio show listeners Tuesday.

"Everyone got way over excited ... too much money came in ... and I don't see short positions out there to cushion things," Cramer said.

There's also turmoil in Venezuela, Nigeria, Iran, Russia and just about everywhere else where oil supplies reside, he added, asking listeners, "So, why not just back away from the casino entirely?"

He said that if he were still a trader, he'd be inclined to be majority short and maybe go after Japan because of its recent selloff.

But he added that this is just a tough five or six days ahead, and not even that if oil prices come down.

So, if investors still want to get in the game, Cramer recommends the drillers.

"Nobody has enough exposure to the drilling side of the equation ... because everyone's been so burned in this group," he said. "But that's wrong ... and they're too cheap to leave."

He pointed to

Nabors

(NBR) - Get Nabors Industries Ltd. Report

,

Schlumberger

(SLB) - Get Schlumberger NV Report

and

GlobalSantaFe

TheStreet Recommends

(GSF)

.

For nondrilling oil plays, he said he might check out

ConocoPhillips

(COP) - Get ConocoPhillips Report

. It recently purchased Burlington Resources, giving it a U.S.-based, safe oil reserve that looks more appealing given the current geopolitical environment.

Reckless Endangerment

Tuesday's Danger Zone stock was

Boston Scientific

(BSX) - Get Boston Scientific Corporation Report

.

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"Rarely have I ever seen a company show such reckless disregard for its shareholders than Boston Scientific," Cramer said, citing the company's willingness to engage in a bidding war with

Johnson & Johnson

(JNJ) - Get Johnson & Johnson Report

over

Guidant

( GDT).

Boston Scientific, a $25 billion company, keeps ratcheting the bidding war higher with Johnson & Johnson, a $180 billion company that can pay whatever it wants.

Cramer told listeners to dump the stock, because if Boston Scientific "gave a hoot about you as a shareholder," they would admit that they had lost and stop bidding.

Feeling the Energy

For the weekly market sector spotlight, Cramer addressed energy-sector emails from listeners.

Even though he has warmed up to

Chevron

(CVX) - Get Chevron Corporation Report

and

Unocal

( UCL), he said he can't feel the same way about

Exxon Mobil

(XOM) - Get Exxon Mobil Corporation Report

.

"It was the right oil when oil was in the wilderness, but that period's over," Cramer said. Management never believed oil would go up this high, so they missed out on buying properties and bought their own stock instead, he added.

Contrast that with

Ultra Petroleum

undefined

, one of the best-performing oil stocks, Cramer said. It's drilling everywhere and every find matters to it.

He told a listener interested in switching out of

Valero

(VLO) - Get Valero Energy Corporation Report

to buy ConocoPhillips because ConocoPhillips has been so beaten down.

However, it's a tough call, he said, because refining company Valero is soaring higher. So, if you have tax considerations, he said, it's really not necessary to switch.

He went a little further to explain why he likes

El Paso

( EP) so much.

The company's oil and gas reserves rose 22% in 2005, he said, and it's cleaning up its balance sheet. Management has turned the company around, said Cramer.

But he said that he wouldn't buy

Burlington Resources

(BR) - Get Broadridge Financial Solutions, Inc. Report

, since ConocoPhillips is reaching out to buy it. He'd just buy Conoco, he told a listener.

In his oil sector forecast for early 2006, Cramer said that he had originally thought the sector would falter early in the year, but that was before unrest in Venezuela, Nigeria and Iran. What's more, Cramer said, Iraq has not been able to bring more oil online, and demand is up as Europe and Asia face cold winters.

There will be no pullback, he said.

He told a listener thinking about increasing his shares in

Devon Energy

(DVN) - Get Devon Energy Corporation Report

that the independent energy producer is not done moving higher.

Even though energy is overbought along with everything else, Cramer said he thinks that it's fine to buy more because it could exceed its $70 high. Devon is currently trading around $67.

If you don't already have it, add oil so that it's about 10% of your portfolio, Cramer said. And if you have 10% in good oil picks you don't have to do anything, he added, because he sees more oil strength coming.

Suffering Sify

A caller wanted to know what to do about

Sify

(SIFY) - Get Sify Technologies Ltd. Report

, an India-based Internet services stock that just missed quarterly estimates and that has been stagnant ever since.

Cramer said that the missed quarter is not the only problem. The CEO just resigned, he said, and the combination of missed earnings and a sudden resignation makes him think turmoil.

He said to be careful, recommending that the caller sell half now and, if the stock goes up a bit, to take some more off the table.

But he said that

Rio Tinto

( RTP) was a stock to hold, even though the caller had bought it at $150 and the stock is now up about 30% near $198.

The stocks is "very, very cheap," Cramer said. It's the supermarket to the world when it comes to minerals, and the only other company like it is

BHP Billiton

(BHP) - Get BHP Group Ltd. Report

, Cramer said, which he owns for his

Action Alerts PLUS charitable trust.

He also said that

Freeport-McMoRan Copper & Gold

(FCX) - Get Freeport-McMoRan, Inc. Report

is a winner.

"People do not understand this mineral cycle is in its infancy," Cramer said. He also recommended

Anglo American

( AAUK)

He said he'd get out of

R.H. Donnelley

( RHD) because he thinks that

Google

(GOOG) - Get Alphabet Inc. Class C Report

will make the Yellow Pages obsolete.

And he told a caller to who had bought

BioCryst Pharmaceuticals

(BCRX) - Get BioCryst Pharmaceuticals, Inc. Report

as a trade that he'd stay out, particularly if he'd made a nice profit.

The time to buy was when it was lower, he said, adding that gas made too much of a move and is actually dangerous to buy at this level.

At the time of publication, Cramer was long Anglo American and BHP Billiton.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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."