Jim Cramer: Now Is Not the Time to Invest in Oil

Jim Cramer's got some thoughts about oil.

He penned a Real Money column early Thursday morning covering the oil sector.

"It's tough to resist buying the stock of Chevron (CVX) - Get Chevron Corporation Report when its big projects are hitting paydirt and CEO Mike Wirth is at the helm trying to get Permian on the cheap. The major with an almost 7% yield, BP (BP) - Get BP p.l.c. Sponsored ADR Report , the one that is growing the fastest and most sustainably, is a terrible holding -- as we know all too well from the charitable trust, something you can follow the picks from by joining the Action Alerts Plus club," said Cramer.

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