Cramer: A Pipe Dream No Longer
| Sep 10, 2013 | 7:56 AM EDT
Thanks to nat gas, the U.S. is a lot closer to energy independence than we might think.
When will people truly realize how important the domestic oil and gas finds in the U.S. really are? When will there be an understanding that the Eagle Ford, the Niabrara, the Permian and the Bakken shales may have enough oil to make a real dent on imports and change the way we think about which U.S. companies truly have the potential to be major independent companies? When will people recognize the U.S. is a lot closer to energy independence than we think?
It's the Eagle Ford in Texas, however, that's the most impressive field yet. That field produces 600,000 barrels a day, up 58% from just a year ago! Just one company alone, EOG, is producing about one-fourth of that. No wonder that stock has been such a horse.
Others performing well in the Eagle Ford? ConocoPhllip's (COP) got good acreage, as does Murphy Oil (MUR). Do NOT forget Sanchez (SN), either -- it just put together a bunch of parcels in the Eagle Ford and is doing an 8-million-share offering right now in order to pay for them.
It's no longer a pipe dream. If it were a mission in Washington, it would be game-changer for jobs, for the balance of trade and for domestic security. It's a reality. It's just that people, including major politicians, aren't talking about it. That's shocking to me, and it should be to you, too. However, If we can't make it a mission, let's at least make money off it by buying shares in EOG, Noble, SN Sanchez, CLR Continental, WLL Whiting, Cimarex and so many others now that it is indeed happening right before our eyes.