Cramer made bullish comments on Caribou Coffee Company, Inc. (NASDAQ:CBOU), Starbucks Corporation (NASDAQ:SBUX), Philip Morris International Inc. (NYSE: PM) and El Paso Pipeline Partners, L.P. (NYSE:EPB).
For his “No Huddle Offense” segment, Cramer talked about why gasoline costs so much. He called on the U.S. Govt. to investigate why Brent crude prices are $25 a barrel higher than its domestic west Texas intermediate (WTI) and why U.S. refiners have opted to use the higher Brent prices despite the fact that one half of our oil is domestic.
Cramer said there are many questions that need to be answered here, like if ETFs are now controlling the markets, or whether speculators are keeping oil off the markets to manipulate prices. He said the loss of Libyan oil is often cited for the discrepancy, but the world has added more capacity than Libya ever produced and the world is in a global slowdown.
Cramer told viewers it would be foolish to assume that these price spreads and practices are on the up and up.
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