NEW YORK (TheStreet) -- TheStreet's Jim Cramer tells investors to be very careful with oil and oil stocks because of a series of "really interesting and contrary numbers."

On one hand, we're seeing capital expenditures and budgets getting slashed at several companies, but the production output is still rising at many of these companies. Cramer says this means investors will see more oil coming on in 2015 in addition to the oil coming on from the Gulf of Mexico this year.

Cramer says investors may think these budget cuts would lead to less oil produced, but he notes it's just not playing out that way. Therefore, he says to not run out and buy the oil stocks right now because you have plenty of time to do so.

Must Watch: Jim Cramer: No Signs of U.S. Oil Production Slowing Down

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.