Jim: Last week, you became the only person to publicly and rightly recognize that the competition to oil (gasoline) is fuel-efficient cars, and ultimately in my view, the national power grid. I almost threw up my breakfast this morning watching a commodities manager on CNBC insist that oil prices are based on supplies and demand, and likely to rebound in early 2009. The price of oil is not about the supply and demand for oil per se, it's about competition… Jim, do everyone a favor and alert the farmers that they could see futures this spring at 1999 prices, and tell CNBC to quit having so-called commodity experts on your channel while I'm eating breakfast. You get my vote for the SEC post. --Dan
Cramer says: “I don’t like the managed commodity guys, by the way…I think that commodities are not going to lift. Our viewer, Dan, is probably right. I also say you should sell most of the [agriculture] stocks. They’re up again. If you need to buy a fertilizer, remember, it’s Terra Nitrogen. It has a good yield.”
