“This is natural gas’ moment,” Cramer said during Thursday’s Stop Trading!.
With President Obama’s endorsement yesterday, BP’s spill in the Gulf of Mexico and coal already a well-known polluter, the spotlight now is shining on nat gas. This cleaner, more plentiful fuel may finally be recognized as a viable alternative to crude and coal, Cramer said, calling it “the lesser of all evils.”
Cramer also pointed out that today the Environmental Protection Agency finalized its limits for sulfur dioxide emissions. Now it’s “very clear that these old coal plants are going to have to be phased out,” he said, making it “more likely that they’ll have to use natural gas.”