[Beginning of Cramer's verbatim comments for this segment...]

Jim:    No kidding… I have been on a crusade to get the United States to embrace natural gas… the best way to cut carbon emissions… create hundreds of thousands of good paying jobs… reduce our dependence on foreign oil…no one is listening… we have so much of this fuel that it is ridiculous… we exceed Saudi Arabia on this stuff… with a heck of lot better human rights record, by the way… I have said that it is the obvious solution to all but Washington… all of our cleaner energy needs… and unlike wind or solar, it is actually viable in the near term… you plug in a car like a Tessa, which you should be selling, goes into a coal based system… that won’t work… we already have a huge working distribution network built out for natural gas.

Plus, drilling for natural gas is never going to cause the kind of ecological catastrophe that we are seeing right now with BP’s oil spill in the Gulf of Mexico… or the slag that we get off of coal… which everyone knows about but no one talks about… I said that we could use this fuel to run our cars and trucks… and to replace dirtier sources of energy, like coal, at our power plants in the United States… or at least that is what I thought.

But our government… uh-uh, and while our government has turned a deaf ear to arguments for natural gas… do you know what? The rest of the world has not… we may not want all of this natural gas goodness… but just about every other country seems to be seeing things my way… they thirst for the stuff… that is why I have arrived at a Eureka Moment!… we are within this decade become a huge natural gas exporter… I think the largest in the world… because it is now economical to export it to the rest of the world.

See the Chinese are driving the price up… just like they did for oil… and you are going to see lots of other oil based countries switch to natural gas for better air… but also because oil has gotten too expensive… Argentina already has a nat gas oriented auto system… they have 1.8 million vehicles running on the stuff… they need our natural gas in Argentina… they need it badly… do you know what we are going to do? We are going to be sending it to them… right now spot prices for natural gas are already $1.50 higher in Europe… they are $2.79 higher in Asia than they are in the US… now after the Panama Canal’s widen in 2014, standard ships will be able to go thru it… which means in an environment where natural gas is at $5, or $6 here in the US… we can deliver natural gas to other countries… to Asia for $9, $10.

At those prices, which are competitive to oil, why wouldn’t our natural gas companies export to? Why not give up on the US? Now, I was not sure of our ability to export gas… because you need infrastructure to export… not just to consume… but you now what? The economics are just too compelling to make it that we keep it here…unlike us, other countries want to be off oil so badly right now.. they are not going to wait for electric cars to be commercial… and at the moment there is only one liquefied natural gas terminal for exporting gas in the US… that is an old one, it is up in Alaska… but do you know that for the first time in over 40 years, we are building a second one? And it can handle a ton of natural gas.

Cheniere Energy Partners, I highlighted it last week as an example of a company with an unsafe dividend… is working with Bechtel to build a natural gas liquefaction plant … at Sabine Pass LNG terminal in Louisiana… with the support, I have now learned, of the largest natural gas company in the country… Chesapeake Energy… I was skeptical before… I was skeptical because I thought it was just Cheniere… but I have learned unequivocally that Chesapeake is backing this venture… they plan to start exporting LNG by as early as 2015... I think even earlier… and by the looks of these numbers, Chesapeake is going to make a killing.

We will soon no longer need the US for natural gas to work… everybody else on earth wants it… not our President… not our Congress… but everybody else.. particularly the Caribbean, South America… they want to wean themselves off of oil in our own hemisphere… we will soon not care about the domestic price of it in terms of trading the stocks.. it will be meaningless… in a world where the stuff can be sent all over the globe safely and easily… we will be no different than the big Australian producers that send their nat gas around the world at high prices.. if they can make a killing exporting it, so can we… ours is cheaper… why keep it here? Why stoke the club? Our $4 price will soon be meaningless… the market does not care… the worlds market wants our natural gas… even if the US does not.

Now that I know this… that it is not some kind of fly by night new plant… but has the support of nat gas Chesapeake… I can solve the conundrum that has bothered me for months now… and the conundrum, why are Exxon, which just closed on the deal with XTO, the big nat gas producer… Total, Shell, Mitsui, why are they being so aggressive in buying our domestic properties if the US government does not support the fuel? Well now I know.. it is the Eureka Moment!… it is because of the burgening demand overseas… and the arbitrous between our bountiful low cost nat gas and the rest of the worlds much higher prices…

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