Jim Cramer's Best Blogs
NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- why the price of natural gas may have bottomed; and
- why Allison Transmission is the IPO from this past week that you should be revved up about.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
The Switch to Nat Gas Is in the Air
Posted at 3:27 p.m. EDT on Friday, March 16.
It's happening. It's in the air. And we all know it.
With oil up huge, with the threat of an embargo or a war that would halt oil from the Strait of Hormuz, this country is switching fuels. We are adopting natural gas as a cheaper way to power our trucks and ultimately our cars.
I wish this switch could somehow be done with the help and not the opposition of Washington, hastening the substitution with a credit that could be paid back for truck buyers who junk their diesel clunkers for clean nat gas engines. That way, in a couple of years we would be forcing the world price of oil lower while curing our balance-of-payments issues, making the skies cleaner and making us less dependent on our enemies in the Middle East.
But a combination of an aversion to all fossil fuels by the Democrats (including the president) and a persistent lobbying effort of the chemical companies, which want nat gas low to get a cheap feedstock, has kept this change from coming about even faster.