Cramer thinks a revolution is underway in the energy sector and after GE's acquisition of Lufkin for about $3 billion, other companies may be in play
"General Electric gets it," Cramer said.
That is, GE recognizes the potential for American energy independence with the discovery of new ways to extract oil and gas from shale rock across the United States.
"We are in the infancy of this oil and gas revolution and I think General Electric is looking to dominate the industry," Cramer said. "The acquisition of Lufkin is a step toward that dominance."
Lufkin, an oil pump maker, will nearly double revenues of GE's Oil & Gas unit, making it the company's third-largest manufacturing unit by revenue behind the power and water and aviation units.
If Jim Cramer is right and GE wants to dominate the space, it begs the question what could GE acquire next?
The Mad Money host has a few ideas.