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Cramer stunned by this new report

(Click for video linked to a searchable transcript of this Mad Money segment)

After reading this wire report, the Mad Money host says he almost fell out of his chair.

"The California Energy Commission released numbers showing that 743,000 barrels of oil were shipped by rail to California refineries last quarter, up from 215,000 barrels at this time last year."

That's a 245% jump.

"Most of the oil came from North Dakota and Colorado, home of the Bakken shale," Cramer explained.

That's stunning. The increase is substantial.

And as production increases Cramer thinks Whiting and Continental stand to benefit. "Each produce about 65,000 barrels a day last year but (due to developments outlined above) I bet those numbers will go up substantially."

Adam Jeffery | CNBC

In the wake of these numbers, comments from Cramer suggest the Mad Money host wouldn't be surprised to hear of similar developments elsewhere.

In Texas, "The once moribund Permian Basin is producing 600,000 barrels a day in 2012, up about ten percent from the year before, and up 25% from seven years ago," he said. "Occidental is the biggest producer in the Permian, with Pioneer Natural Resources, Apache and Kinder Morgan following it."

Cramer also suggests watching for developments in the Delaware Basin.

EOG is "making noises that its Delaware Basis portion of the Permian could be the third big find after Eagle Ford and the Bakken, which means there could be much more than currently meets the eye," said Cramer

And the Eagle Ford could also make similar headlines. "Conoco's got good acreage, as does Murphy Oil, and Sanchez Energy."

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All told, Cramer thinks a small wire story like the one about the California Energy Commission signals big potential. "It drives me crazy just how little people actually notice these things."

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