OH Treasurer: Drilling is a Win, Win, Win

Ohio Treasurer Josh Mandel, also a candidate for U.S. Senate, believes drilling for oil and gas in the Utica shale is a “win, win, win” for the state and the country, he told “Mad Money” host Jim Cramer Friday.

“This is one of those issues that could put America at a competitive advantage in the global marketplace,” he said. “It can wean us off of dependence on foreign oil, it will improve our national security, and its jobs right here in the heartland.”

Cramer agrees. He’s made it his mission to support natural gas in the U.S. as an alternative fuel. But both Mandel and Cramer say they are frustrated by the lack of response from Washington.

“The President doesn’t like it because it’s a fossil fuel," Cramer said. “And Congress is just too darned dysfunctional to promote natural gas even if they wanted to, especially given the outsized influence of the coal lobby.”

To see Cramer’s full conversation with Josh Mandel, watch the video.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book