U.S. Coming Global Oil Power

In his second "Executive Decision" segment, Cramer sat down with Patrick Daniel, president and CEO of Enbridge ( ENB), an oil pipeline master limited partnership that's delivered a 35% total return over the past year.

Daniel first touted his company's direct investment plan, which allows investors to buy shares directly from the company and reinvest their dividends at a 2% discount to the market. He said the plan is an excellent way for investors to grow their shares and invest in Enbridge.

Turning towards the company's business, Daniel said that Enbridge's success has stemmed from the strong positioning of its assets, most of which extend from the oil sands of Canada to U.S. refiners in the Midwest. He said that some of Enbridge's pipelines run right through the Bakken shale region in North Dakota, and the company will be opening new pipelines from Cushing, Oklah. to the Gulf of Mexico in efforts to reduce the backlog and price differential between West Texas oil prices and the rest of the world.

When asked about the political football known as the Keystone XL pipeline from Canada to the Gulf, Daniel said that Enbridge supports his rival's initiative because the U.S. needs more oil. He said that while oil from the oil sands has a higher carbon footprint that some other oils, it's still far better than coal and imported oil from foreign countries.

Daniel closed by making the bold statement that by 2016, the U.S. will emerge as the largest oil producing country in the world, surpassing even Saudia Arabia, thanks to the huge discoveries in the Bakken, Eagleford, Marcellus, Utica and other oil shale fields.

Cramer reiterated his recommendation of Enbridge.

Lightning Round

Cramer was bullish on Suncor Energy ( SU), Core Labs ( CLB), Verizon ( VZ), UnitedHealth Group ( UNH) and WellPoint ( WLP).

He was bearish on Netflix ( NFLX), Global Geophysical Services ( GGS), BGC Partners ( BGCP), Spirit Airlines ( SAVE) and Jefferies Group ( JEF).

Closing Comments

In his "No Huddle Offense" segment, Cramer once again opined on investing in the banks stocks, a group that he still recommended avoiding.

Cramer said that if investors can think of even a single legitimate reason to own the banks, they should feel free to speculate on them. But he said he couldn't think of a single one.

Cramer said that's it's ironic that the banks that once thought they needed a global footprint in order to be competitive are now reeling from that decision. He said these banks still don't even know what they're on the hook for, who's solvent and who isn't.

But even without the global financial malaise, Cramer said the banks would still be having a hard time, as mergers and acquisitions have been painfully slow, as has the IPO market, two big areas for profits. Additionally, the government has stripped the banks' ability to make a lot of money from consumer credit cards and other once-profitable businesses, leaving the banks just shells of their former selves.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here: Scott Rutt.

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At the time of publication, Cramer was not long any stock mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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