There's isn't enough oil in the world because large nations aren't drilling, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

Cramer's charitable trust owns shares of oil field services company Schlumberger (SLB) .

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

Biotech and Broadway Come Together to Fight Cancer

Biotech and Broadway Come Together to Fight Cancer

Market Movers: September Grain Stocks Report

Market Movers: September Grain Stocks Report

We Asked Our Pros About the Longevity of the Bull Market

We Asked Our Pros About the Longevity of the Bull Market

Legendary Technician Gives Her View of the Current Market

Legendary Technician Gives Her View of the Current Market

Cannabis: Why It May End Up in Your Portfolio

Cannabis: Why It May End Up in Your Portfolio