Jim Cramer: 'Oil is a perma short'

CNBC's Jim Cramer said Wednesday there's no reason for investors jump into the oil sector as prices continue to falter. And he questioned investors who put new money into oil, given the growth of the electric vehicle sector. Oil is a perma short, he says. These stocks are just wasting assets. "There's oil, oil everywhere."
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Wed, Sep 9 202010:10 AM EDT