Why Jim Cramer Thinks Oil Stocks Could Suffer For 'Many Years'

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Jim Cramer is weighing in on oil Monday morning. 

Exxon Mobil is Real Money stock of the day. 

Analysts at Goldman Sachs cut their rating on Real Money Stock of the Day Exxon Mobil (XOM) - Get Report to "sell", citing what it called "clear downside" risks to the company's near-term targets, noted TheStreet's Martin Baccardax Monday morning.

Goldman analyst Neil Mehta also lowered his price target on Exxon by 18%, to $59 per share, following the group's weaker-than-expected fourth-quarter earnings report Friday that the analyst argues could test its ability to deliver a 15% return on capital employed by 2025. Mehta sees that return figure at no better than 8%, thanks in part to extended declines for global crude and lower downstream margins for Exxon.

Here's what Jim Cramer said about oil.

"[Oil stocks] are going to have the possibility of down years for many years. And I think that a couple of last straws, you know, we had Iran taking out some people say a third, some people say half of Saudi production. We have Iran actually shelling U.S. soldiers. You have maximum tension and oil goes down. So what it says is there's too much supply. By the way, the new numbers came out for last year for oil in our country. Big increase, lower CapEx big increase," said Cramer.