Cramer/Dicker: Oil Under $100 a Barrel – How Low Can They Go?

Dan Dicker, Senior Energy contributor at thestreet.com talks with Jim Cramer about the slowly sinking price of oil. Never in his almost 30-year career as a trader has Dicker seen such geopolitical risks accumulated in the oil markets with such little price concern. With mounting issues in Russia, Iraq, Egypt, Libya and Nigeria, Dicker is surprised that oil prices are sinking, but refuses to fight the bearish market. He is recommending holding supermajor energy companies like Shell (RDS) and Conoco-Philips (COP) with their strong yield, with an eye to buying higher beta oil companies like Cimarex (XEC) and Pioneer Natural Resources (PXD) as oil prices drop further.