This thesis was confirmed by looking at a chart of WTI crude prices, which showed a ceiling of resistance at $108 and $112.50 a barrel for crude, along with the RSI, or relative strength indicator, signaling a very overbought condition lurking.
Cramer said he's a believer in Garner's analysis, which makes him question his own bullish thesis that global oil demand is on the mend. This has been a one-sided trade for a long time, he concluded, and that's never good news.
Executive Decision: Jack Koraleski
For his "Executive Decision" segment, Cramer welcomed back Jack Koraleski, chairman and CEO of Union Pacific (UNP), the railroad whose shares have rallied 17% in 2014 and are flirting with new highs.
Koraleski was on location to celebrate the opening of his company's new intermodal terminal in Santa Teresa, New Mexico. He said the facility is perfectly positioned to make transportation from the west to the east easier and also to capitalize on the growing trade running north and south between the U.S. and Mexico.
Koraleski explained that intermodal is the future for Union Pacific because one train can take 280 trucks off the highway and deliver the goods with four times the fuel efficiency. That's why Santa Teresa is already beating expectations for container volume.
When asked about the U.S. economy, Koraleski described it as a "good period" with housing, construction and even some steel seeing strength. He was also bullish on energy with coal, oil and gas shipments along with sand used for fracking all on the rise.
Cramer said as the economy expands he's betting on Union Pacific.
Executive Decision: Nick Akins
In his second "Executive Decision" segment, Cramer also sat down with Nick Akins, president and CEO of American Electric Power (AEP), which posted a solid 22-cents-a-share earnings beat when it last reported on April 25. Shares of AEP currently yield a solid 3.8%.
Akins talked about the EPA's new rules for lowering greenhouse gases by retiring coal-fired power plants. He said AEP is set to see a 21% reduction in those gases but still feels the industry needs more time to fully comply.