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NEW YORK (TheStreet) -- Opportunity is knocking off the coast of Louisiana, Jim Cramer told his "Mad Money" viewers Monday on location from the deck of an Ensco (ESV) off-shore oil rig.

Cramer said the revolution in oil and natural gas has taken what was once considered an old and tired oil field and infused it with new life, thanks to new technology. He said the oil and gas renaissance is a solid, long-term theme that investors can't count of for years to come. No matter the woes in Russia or Europe or the slowdown in China, there will always be a thirst for oil somewhere, Cramer said.

That means great things for a host of oil and related stocks, including Ensco, which manages the rig Cramer was standing on; to Halliburton (HAL), who helped engineer it; to Energy 21 (EXXI) that sells the oil it produces; to companies such as Nucor (NUE), which is building a new steel plant to take advantage of the cheap fuels it produces.

Executive Decision: John Schiller Jr.

In his first "Executive Decision" segment, Cramer sat down with John Schiller Jr., chairman and CEO of Energy 21, to talk about the rig he was visiting.

Schiller said that despite being the second-largest old field in the Gulf, the area where they were standing has only seen two wells drilled over the past nine years. He said while the field may not have been profitable for Exxon Mobil (XOM), its former owner, for Energy 21 it's a gold mine. While Exxon needed to produce at $10 a barrel, Energy 21 is perfectly happy drilling at $20 a barrel.

When asked more about operating the field, Schiller noted that new technology in every aspect of drilling is making the company's operations more efficient and profitable. Horizontal drill was invented in the Gulf, Schiller reminded Cramer, and with new imaging technology Energy 21 is finding oil from 3,000 feet below the surface to 18,000 feet and in some places even down as far as 24,000 feet.

Turning back toward Wall Street, Schiller said Energy 21 has been aggressively buying back its stock between $24 and $25 a share as it can make a lot more money than that over the long term.

Cramer said Energy 21 is the perfect example of how America's oil and gas industry is creating an exciting future for our country.

Executive Decision: John Ferriola

For his second interview, Cramer sat down with John Ferriola, chairman, president and CEO of Nucor, on location at its new direct reduced iron, or DRI, facility near the Gulf.

Ferriola said Nucor's new DRI facility makes the company more competitive by both reducing costs and creating a higher quality product than imported steel competitors. He touted the low cost of natural gas as a "game changer" for his industry, as DRI production requires an immense amount of energy.

Nucor operates a DRI facility in Trinidad, Ferriola noted, yet in just two months of operation the new U.S. facility is running at 95% capacity with higher production and higher-quality output. The plant also affords Nucor more control and security than its overseas counterpart.

Rather than importing DRI and other raw materials from places like Ukraine and Venezeula, Ferriola said Nucor is happy to make its own high-quality materials right here in the U.S., and the company already has plans to add a second furnace to the location.

Executive Decision: Jim Brown

For his next interview, Cramer sat down with Jim Brown, Western hemisphere president at Halliburton, to see how that company's business has transformed since the two last spoke nearly three years ago.

Brown said that just like on land, technology is changing the way every aspect of drilling is done. With wells costing in excess of $130 million to build, every ounce of technology can make a big difference, he noted, which is why Halliburton specializes in mature and deep-water applications.

Brown explained the three big trends in the industry include new seismic technology that helps locate oil, directional drilling that helps get to the oil, and multi-stage completions that gets more of the oil to the surface. All of these trends produce more oil while ultimately lowering costs for each well.

When asked about America's newfound reserves, Brown said the reserves are indeed down there, it will just take a resilient and creative industry to go get it, something that is happening every day all over our country.

Even in the back office, Brown said Halliburton is hard at work with a project it calls "Battle Red," which includes the digitizing of timekeeping, dispatching and real-time inventory to help make the company more efficient at everything it does.

The Jindal Strategy

Cramer spoke to Bobby Jindal, the pro-business Republican governor of Louisiana, about how the oil and gas industry has changed the state's economy for the better.

Jindal said Louisiana is doing everything that Washington, D.C., is not. The state's economy is growing, putting more people to work at higher wages than the national average. Louisiana cut taxes, cut red tape and made it easier to invest, said Jindal, then invested big in workforce training and cut government jobs to help the private sector flourish.

All those efforts paid off -- companies like Nucor have invested big in Louisiana and are bringing great, high-paying jobs into the state and back to America from overseas. Companies want a predictable environment with lots of skilled workers, he said, and that's what Louisiana provides.

Jindal compared his strategy to that of Washington, which has shunned fossil fuels in hopes that alternative and renewable energy would pick up the slack. In reality, that hasn't happened, Jindal said, and in the meantime the U.S. is wasting its huge advantages of being able to produce natural gas cheaper than anywhere else in the world.

Cramer commended Jindal for his efforts in restoring Louisiana, and America, to its former manufacturing glory.

No Huddle Offense

In his "No Huddle Offense" segment, paid tribute to his late CNBC colleague Mark Haines, who, on March 10, 2009, made the bold call that the markets were done going down.

Cramer said Haines had his finger on the pulse of the market's sentiment, and was acutely aware of the ratio of buyers to sellers. That acuteness allowed Haines to nail the bottom with his call, kicking off what has been a historic run for the past five years.

Cramer said that no doubt Haines would be worried about some of the froth the market is now seeing, but there's certainly no denying the man's uncanny ability to see what markets themselves were unable to see at the time.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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

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At the time of publication, Cramer's Action Alerts PLUS had no positions in stocks mentioned.