john1940

Cramer's Mad Money - Return to the Forbidden Citi (12/19/08)

I listen to Cramer a fair amount to get his input and info. In sum, his contribution is a zero. His value is offset by his misses. What's so great about storing oil? Is he suggesting that someone is going to buy oil cheap and then sell it cheap when prices get higher. Give me that guy's name. Storing oil is a business, but not a great business. This suggestion doesn't solve anything and I don't understand what Cramer thinks is so great about it. The other thing that no one understands outside the oil industry is that filling a large number of large storage tanks takes pipelines. Those don't come cheap and don't appear overnight. All this adds up to tremendous investment requirements.