Is the US undergoing a natural gas boom? For some time, Cramer has been promoting natural gas as the cleaner, cheaper fuel that would create jobs and energy independence. It seems his fuel of choice is catching on.
As BP’s broken well continues to spew oil into the Gulf of Mexico, Cramer thinks there will be a shift away from crude and towards natural gas. And a number of companies – Royal Dutch Shell , Total and Exxon Mobil – have recently made nat-gas acquisitions, a sign that maybe they too see the writing on the wall. At the same time, the first Environmental Protection Agency emissions limits on sulfur-dioxide in 40 years will soon take effect, which will force many utilities to switch from dirty coal to nat gas. Even President Barack Obama "finally seems to be getting on the natural gas bandwagon," Cramer said.
But according to Baker Hughes rig count numbers released Friday, there is more natural gas drilling. That's bad, Cramer explained, because we want less supply, not more. "Less supply means a tighter market and better pricing," he said.
Author: Drew Sandholm
