This huge amount of money, Cramer said, is very telling because “we thought real estate was going to be dead in 2010, it’s red hot.”
Mitsui paid $1.4 billion to AnadarkoPetroleum for a chance to drill for natural gas on just a third of that oil and gas giant’s Marcellus Shale holdings. Cramer spoke to Anadarko’s Chairman, President and CEO Jim Hackett. Watch the full interview here.
Lastly, President Obama awarded loan guarantees to Southern Co.for two new nuclear power plants that will likely take a decade to build. Cramer “wondered” if this meant Mitsui would export the Pennsylvania natural gas to another country while the U.S. continues to import billions and billions of dollars of oil from the Middle East. That export imperative, he thinks, would surely happen if Obama continued to support all forms of energy including so-called clean coal and does not press for natural-gas expansion.
Plenty of traders believe that oil and gold are more important to the nation’s economic future than the cold, hard facts just described, Cramer said. So, would all this good news have been obscured, he asked, if these two commodities were down instead of soaring?
Don’t miss Cramer’s interviews with NYSE Euronext’s Duncan Neiderauer, Walgreen’s Gregory Wasson and Anadarko Petroleum’s James Hackett.
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