JJC:    I listened to the belly-achers all day... It's starting to really get on my nerves... Instead of bemoaning the fact that we're now paying $4 a gallon at the pump... we'll probably be paying $5 in the not-too-distant future... Instead of freaking out, because a barrel of crude costs $134... Instead of taking what is, in my opinion, is the insane position that speculators are to blame for higher prices... or that the dollar is fueling the rise... Oh, like it's not going up in the other countries?... Hello... Blame the speculators, right... What do you think they're doing? Do you think they're hoarding barrels of crude in the basement?... In the attic?... Every place that you could possibly store the stuff - even if you are speculating - is taken. If every storage locker in this country were filled from top to bottom with barrels of oil, because it seems to me they'd have to be, if the speculators were really behind the long-term increase in price... They've got some tankers that are filled... They're not the reason either... As a matter of fact, that idea is even more nuts than I am...

I believe oil prices are high for three reasons... count 'em... three...

One... the old oil fields are running out.

Do you think the Saudis wouldn't want to take advantage of this? They're not refusing to increase production... because they've got a bad attitude... Believe me, they'd love to pump more oil, at these prices... They don't want it as an umbrella for alternative energy... but they can't! Last year, they needed double the rigs to produce the same amount of crude as they did the year before...

Two... second reason... New oil is harder to find and harder to get out of the ground than it has ever been.

It's either deep under the sea, or inaccessible, because of the weather or distance... The easy finds have all been made...

And three... Even as we can't increase the supply of oil anytime soon, demand is increasing astronomically, thanks to huge economic development in countries like China and India... and also the Gulf states...

Here are some stats...

We use 25 barrels of oil per person per year in this country. China and India are using 2 barrels (per person)... What do you think the odds are of that number doubling? I think they're pretty great.

On this show, we're not complaining about the high price of oil and gas...

Like every other thing we do in Mad Money, we are trying to make money off it... make money off the trend...

And that's why, this week, my friends, buddies and pals... is Wildcat Week, here on Cramer's Mad Money...

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What is a wildcatter?...

It's a company that drills for oil and gas in new areas that haven't been exploited yet... I regard the wildcatters, which are the hottest of this stock market, as the Daniel Plainviews of the oil and gas business... That's right... this is "There Will Be Blood Week" (i.e., movie reference from Best Picture nomination in 2007) all over again... because these wildcatters are the companies that could actually increase supply by finding new oil...

When oil was much lower, none of these stocks would have worked... I would never have come to you with them... They were too expensive to drill on their prospects... not worth the effort... but the umbrella of higher crude prices has made wildcatting a potentially darn good business. It's been great for the domestic drillers, which we have favored here... You know which ones... 52-week high denizens... Nabors (NBR) and Halliburton (HAL).

We like wildcatters for oil and natural gas... and we like the ones that are after natural gas, especially... Why? Because 2008 is Cramer's year of natural gas... It's at $12 and change now... Anyone who's listened to this show one night a week knows that this has been my favorite group for the year. I've said natural gas is going to $16. But that was when oil was down at $100, so who knows how much higher natural gas - which is the cleaner, cheaper fuel - will go, before it catches up... And what would happen if one of the (U.S. presidential) candidates actually got behind natural gas?... And neither is...

This week's special... I've got five wildcatters... five of them... five stocks in the mold of Continental Resources Inc. (CLR)... a wildcatter where, if you remember, was part of a series on stocks where I whiffed... where I waited too long for the perfect pitch, and got called out on strikes... I kept waiting for CLR to come in when the stock was in the $20s and it never did...

Then I finally recommended it on May 9th, with the stock at $53.18. Now the stock's at $74. I finally said, you know what... discipline said get on... it's going higher... don't miss the move... and it gave us a humongous 39% gain, proving it wasn't too late to get behind a wildcatter...

There will be blood?... Let's try, there will be moolah...

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The first wildcatter I'm giving you this week is Petrohawk Energy Corp. (HK)...

This independent driller, often asked about during the Lightning Round , is one of the lowest-cost producers in the group, behind only Southwestern Energy (SWN*) and Ultra Petroleum (UPL)... 90% natural gas... 1.1 trillion cubic feet of proven reserves...

It's drilling in west Texas, plus a small project in Oklahoma, along with a similar one in east central Texas... But the biggest drivers for HK are its assets in Fayetteville Shale in Arkansas... and Haynesville Shale in Louisiana. Get used to hearing about these two properties... they're gigantic.

HK is the second-largest driller in the Haynesville Shale, after Cramer-fave Chesapeake (CHK), whose CEO, Aubrey McClennan, I believe may be the best natural gas man in America... in addition to being a shrewd and endless buyer of his own stock... a recent one (buy) just last week...

There have been finds in the Haynesville Shale... one from Penn Virginia Resource Partners (PVR), which immediately went up 30% after the announcement... and another from Goodrich Petroleum (GDP), which gained 44% in the same period...

Since HK is the number two driller in the Haynesville Shale, it's expected to have 5-6 rigs operating 10 wells by the end of the year. Both of these finds are good for the stock, if only because they draw attention to other drillers in the area... but also because they prove it's been an area worth drilling in...

The company expects it can be potentially sitting on... these are big numbers, okay... 6.1 trillion cubic feet of natural gas in Haynesville. This is on top of another prospect, at Fayetteville Shale, where they expect HK to produce as much as 315 million cubic feet of natural gas this year... way up from last year... with what looks like plenty more coming, given that HK has as much as 3.2 trillion cubic feet of reserve potentially...

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You see what I'm getting at?...

You know, the old online and the big integrated oil companies... they don't have finds like this... They're not upping their amount of production, because they can't... That's for wildcatters to do...

In this environment, I think HK may be a $48 stock, masquerading as a $35 stock.

Everyday this week, I am going to give you another wildcatter just like it. Now please understand... I am not backing away from the ones I've been behind all along, with this new series... Repeat after me... I still like Devon (DVN), Southwestern (SWN*), which I own for my charitable trust... XTO (XTO*), another charitable trust name... Apache (APA), Anadarko (APC), Chesapeake (CHK) and Ultra Petroleum (UPL)... I just want some new names, that people don't know about, to get you involved in this business.

Here's the bottom line...

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