pb1 & pb3 comfident of establishing production, page-38

Obama Nat Gas Endorsement a Game Changer
Published: Wednesday, 2 Jun 2010 |
By: Tom Brennan
Web Editor, Mad Money

Cramer on Wednesday finally heard President Obama endorse natural gas in a way hed never done before, mentioning what the Mad Money host sees as a viable alternative to crude oil in the same breath as nuclear energy.

Its a major game changer, Cramer said during Stop Trading!.

Cramer has been talking up nat gas as a cleaner, cheaper, more plentiful fuel source that would help wean the US off its addiction to foreign oil, but his calls have gone largely unheard in Washington, specifically at the White House. That President Obama included natural gas in his speech today at Carnegie Mellon, in Pittsburgh, within the boundaries of the Marcellus Shale, is big, Cramer said.

He credited the presidents nod to nat gas for boosting futures prices, as well as the stocks like Southwestern Energy [SWN 40.42 3.63 (+9.87%) ], Devon Energy [DVN 65.05 3.42 (+5.55%) ], EQT [EQT 39.55 1.72 (+4.55%) ], Range Resources [RRC 47.90 4.20 (+9.61%) ] and National Fuel [NFG 48.84 1.66 (+3.52%) ].