"What goes on in other parts of the world does affect the price of tea in China," Jim Cramer told his
"RealMoney" radio show listeners Monday, referring specifically to the effect that global moves have on oil prices.
Cramer said that crude prices are affected by two things: supply and demand threats, and geopolitical news.
This is why listeners should have an oil company in their portfolios, he said, noting that these geopolitical threats are not going away and will only push energy prices higher.
For example, he cited growing tensions between the U.S. and Iran, tapering oil output from Iraq and a
New York Times
story that said Saudi Arabia could be running out of oil.
Even with all oil prices moving higher, drilling stocks were down Monday. Cramer said that this was an opportunity to buy. He told listeners to take a closer look at
, a company that he said had the single best quarter of all the drillers.
Cramer said that now is the time to think about investing in Peru again now that Alan Garcia has beaten the leftists in his country's runoff election.
Garcia likes Wall Street and capitalism, Cramer said, adding that this could mean things are looking up in Latin America for U.S. business interests.
He told listeners to look into
as a play on this new, capitalist-friendly trend in Peru.
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.
Jim 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. 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." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.