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

Consumers Are 'Very Active' in Expected Strong Holiday Season: Mastercard Exec

Consumers Are 'Very Active' in Expected Strong Holiday Season: Mastercard Exec

Don't Let a Short-Term Headwind Cloud Your Focus, Jim Cramer Says

Don't Let a Short-Term Headwind Cloud Your Focus, Jim Cramer Says

Jim Cramer Says, 'You Can't Fall in Love With the Stocks'

Jim Cramer Says, 'You Can't Fall in Love With the Stocks'

How Vulnerable the U.S. Economy Is -- Recession Watch

How Vulnerable the U.S. Economy Is -- Recession Watch

Jim Cramer Discusses Nvidia CEO's Defensiveness on Earnings Call

Jim Cramer Discusses Nvidia CEO's Defensiveness on Earnings Call