Cramer Remix – From Rusty’s appearance on Mad Money, Jan. 8, 2016
Many people have ruminated about the future direction of oil prices, but there is one guy who actually got the lower-for-longer call right before it happened. Cramer considers Rusty Braziel to be one of the most respected authorities of the energy space. Braziel is the president and principal energy markets consultant for RBN Energy, a one-stop shop for energy data, analysis and market commentary.
Given how important the price of oil has become to the direction for the stock market, Cramer considered it crucial to get a reality check from Braziel.
"Let's say the Saudis reduce their production. So, what's going to happen? Prices go back up. Then U.S. producers are going to jump in there, produce more. And if they do, then the prices are going to go right back down. So, now the Saudis have got less market share and less price. Why would they do that? It would just be nuts," Braziel said.
