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10 comments

  • Buzz
    Buzz  •  Los Angeles, California  •  3 months ago
    Oil companies are reducing domestic production and increasing exports resulting in higher prices and higher profits. What's wrong with that? The oil companies are responsible only to their stockholders and not to consumers.
    • udonitnow!
      udonitnow! 3 months ago
      Buzz you're absolutley right in a truley free market but that's not what we have here. The US gives Big Oil all kinds of subsidies and we pay additionally at the pump in the form of taxes. The US also protects the oil fields around the world that allow the oil companies to produce without worrying about terrorism and we foot the bill. It's time they paid their own way so lets forget to provide the subsidies, have them contribute toward the cost of their protection and reimburse us for their current state of well being. Additionally they can help foot the bill for the development of alternative fuels and i.e. "natural gas at the pump."
  • downsouth1405
    downsouth1405  •  3 months ago
    What he doesn't say is why the hoarding takes place. It's based on a weaker dollar due to the Fed's QE's.
  • patdaddy
    patdaddy  •  Santa Clarita, California  •  3 months ago
    So we can become energy independent but prices are still set internationaly? Anyway my next truck is going to be CNG powered.
  • Thomas K
    Thomas K  •  3 months ago
    If Bush was president today Obama would be the first, followed by all the democrats here to blame Bush for gasoline prices. It's true, isn't it?
  • Sandra
    Sandra  •  Griffith, Indiana  •  3 months ago
    http://youtu.be/cPaiwGvNo7o
  • David
    David  •  Boston, Massachusetts  •  3 months ago
    Thanks again wall street....
  • Just Old Me
    Just Old Me  •  3 months ago
    Some times this guy is just a Idiot ! Should stay out of political things and stick with stocks I dont want his political opinion
  • Wallace
    Wallace  •  San Francisco, California  •  3 months ago
    I think Cramer is full of it on this one. He sounds like an Obama supporter to me, just like the rest of the GS bunch.
  • Joe
    Joe  •  Houston, Texas  •  3 months ago
    This guy has no idea what he is talking about when it comes to the oil industry. I have been in it for 30 years. He is preaching the Obama line. He sold out 2 years ago.
    • Bill
      Bill 3 months ago
      What specifically does he get wrong? I've been following the industry for nearly as long, and can't find anything amiss with what he says. Easy to say he's in a politician's pocket, but where's the proof?
    • Jake
      Jake 3 months ago
      and I've been a doctor and scientist for the last 50. Beat that.
  • Energy
    Energy  •  Indianapolis, Indiana  •  3 months ago
    Dah, Cramer has finally figured it out that it isn't DEMAND driving up oil prices...Thanks WALL STREET for screwing everyone....It's called crime, but there isn't any punishment......Please don't let these guys have control of the eletcric car.
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