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

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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 Free 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 Free 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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