Jim Cramer on Reports Gov. Rick Perry Is Trump's Energy Secretary Pick

TheStreet's Jim Cramer, Action Alerts PLUS portfolio manager shared his thoughts on reports that former Texas Governor Rick Perry is President-elect Donald Trump's choice for Energy Secretary.

"This is important because [Perry] is very familiar with the pipeline business," Cramer said. "Historically that position has been going to someone who is involved with nuclear energy -- and this is a fossil fuel guy and that's very significant." Cramer added choosing Perry would mark the resurgence of fossil fuels as a place to be.