Jim Cramer: The Oil Glut Is So Bad
Oil supply is too high and Jim Cramer doesn't understand how anyone outside the Permian Basin is making money.
Oil supply is too high, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. 'I still don't know how - other than if you are in the Permian - you can make any money,' Cramer said, adding that more companies are moving into the Permian Basin.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
