Mad Money

Is Obama Standing In the Way of US Energy Independence?

VIDEO0:0000:00
Devon Energy: Cramer Sees Growth

The U.S. could become less reliant on OPEC if only President Barack Obama would embrace America's ample oil and natural gas resources, Devon Energy CEO John Richels suggested Wednesday.

Instead the Obama administration has a "different world view" in terms of oil and fossil fuels, Richels told Cramer on "Mad Money." The President's alternative energy plan doesn't capitalize on oil or natural gas, Richels complained.

Oklahoma City-based Devon Energy is taking advantage of these resources, though. The independent oil and gas company plans to increase production and is currently looking at several "exciting opportunities" around the U.S., Richels said.

Watch the video to the see Cramer's full interview with Richels.

Call Cramer: 1-800-743-CNBC

Questions for Cramer?

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

Related Tags