Truth be told, Cramer has been beating the drum on natural gas for a month now. He's early, although Hurricane Gustav may save his bet (butt).
From 24/7 Wall Street:
Cramer Chases Pelosi & Pickens in Clean Energy (CLNE)On tonight's MAD MONEY on CNBC, Jim Cramer said that a stock you can buy that didn't even have to buy off politicians to do well is Clean Energy Fuels Corp....From Reuters:
... Cramer believes this is as big of a ringing endorsement of the highest sort, but because it is thin volume he wants you waiting five days before pulling the trigger....
Clean Energy Fuels shares rise on Cramer commentsShares of Clean Energy Fuels Corp (CLNE.O: Quote, Profile, Research, Stock Buzz) rose more than 8 percent after Jim Cramer, the host of CNBC's "Mad Money," recommended the stock citing the vehicular natural gas provider's growth potential if California authorizes an alternative fuel statute.
The California Proposition 10, also called California Alternative Fuels Initiative, seeks to use $5 billion in government funds to promote alternative fuel vehicles and renewable energy....MORE
Here's the Mad Money recap and video:
Nancy Pelosi Approves this Stock
When Warren Buffett owns a stock, there’s a good chance you want to own whatever it is he’s blessed as well. But Cramer dropped a name today of someone who might even be even more influential: Nancy Pelosi.“It’s even better than Warren Buffett being a shareholder,” Cramer said, because Buffett doesn’t control the House of Representatives.”
Pelosi’s stamp of approval is huge because, without government incentives, gas stations that pump only nat gas are likely to go unused. So her investment in CLNE is “the clearest possible endorsement of natural gas as a transportation fuel,” Cramer said....
...Remember where you heard it first:
Fri. Aug. 15, 2008
T. Boone Pickens: Greenwashing and Rentseeking (CLNE)
Just to hammer the point home:
Mon. Aug. 18, 2008
Nancy Pelosi, Al Gore and T. Boone Pickens Walk Into a Bar (CLNE)