Cramer: 'Come on Man, Let Them Drill'
Every now and then, a little unbridled emotion can put some perspective on U.S. energy policy, and CNBCâs Jim Cramer delivered just that.
Cramer, host of CNBCâs âMad Money,â appeared on MSNBCâs June 16 âMorning Joeâ and was asked by âMorning Joeâ co-host Willie Geist about his views on a âwindfall profitsâ tax. Cramer ripped into opponents of domestic oil drilling and those who favor a profits tax.
âOh please â theyâre our only hope,â Cramer said. âI mean, you know, how about the natural gas companies that have basically gone to Pennsylvania to drill? You know, I asked Hillary Clinton, remember her? I asked her, like, what do you think about taxes on natural gas?â
âShe is literally 50 â 50 miles from the biggest on-shore find in our history and sheâs saying, âTax them,ââ Cramer said. âYou know, come on, man â let them drill! I would drill in New Jersey under my pool if I knew there was gas there.â
Cramer didnât stop there, pointing out that limiting U.S. domestic oil production helps out nations that are unfriendly toward the United States.
âWhat the heck!â Cramer said. âPlaygrounds are a place to drill! I donât like the people who have the oil, except for thereâs a couple of countries âŠ Oh thatâs great â weâre best friends with Nigeria. How about Venezuela? Thatâs a super place.â
Prior to that outburst, Cramer had another outburst about the reluctance to build more nuclear plants in the United States as a means to curb reliance on other gasoline as a fuel source.
âIn the end, we are a country that has no political will to be able to stop the use of gasoline,â Cramer said. âAnd we will not build [nuclear] plants. Why is France â why are the Cubans â who is a complete joke of a country and also the enemy by the way, because they are communists and people forget that â why are they more in shape? Why is RaĂșl in favor of nuclear energy and they build them there? How can the Cubans be more ahead of us?â
Cramer said as long as the United States continues these energy policies â not exploring for oil and gas, not building more nuclear plants, etc. â there is no standing to urge other countries to increase production.
âI get angry about this because weâre a bunch of âdelete-istâ jokers,â Cramer said. âWe have no â what standing do we have to get the Saudis â to get the Saudis to pump more? Why donât we pump more? Thank heavens for natural gas companies.â