exxonmobil, sister >> yes, "making of the meme king," 10:00 on cnbc thank you for watching "fast money. "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job not just to entertain but to educate put it all in context. call me at 1-800-793 cnbc.

tonight we have a show on the network that talks about the meme craze and how much money was made and lost fooling around with stocks that were run and gone that was total manipulation. it's ridiculous how people get away with this stuff quite a documentary. after a sedate day, the dow inched up two points nasdaq gained .36% i want to talk about a different kind of manipulation a group of short sellers did everything they could to promote fear, creating an atmosphere where many of you felt compelled to sell stocks near their lows they all got away with it. then i need to talk about crypto because there's clearly still a lot of money to be lost here before the whole, sad, unregulated chapter comes to an end. i think it's definitely coming now that the sec is cracking down on stuff. they filed a motion for

restraining order to freeze binance's assets not enough outrage, let's say supervision. that's over with i'm going to go over all of this manipulation because i don't want you to get ripped off i view this as actually my job now because how can we make money together if you are just going to lose it in thesescams and schemes? so why don't we start with the banking mini crisis that fell silver gate, silicon valley bank, first republic, silicon valley bank. it didn't get as much attention. the first was silvergate we don't know the circumstances of silvergate except they're trying to be the bank of all things crypto and binance stressed the balance sheet silvergate never recovered once crypto enterprises started

imploding why because sam bank m bankman freed was the first of many a few mean spirited venture capitalists pulled their money out at once. then went boho on twitter to sink the bank. it worked because the deposit space was so very concentrated now signature bank three weeks later. silicon valley bank, they were buyers but the run happened too quickly. finally there was the collapse of first republic, more of a slow smoegs bank run this one got bought by jpmorgan. what matters is in the wake of these bank failures. we had a concentrated effort to bring down the entire banking system led by short sellers.

i know it sounds implausible but the stocks of your community bank, regents, truist, huntington, citizens, several other regional banks be were crushed by the shorts by hedge funds leading down and making money. it was child's play of the shorts it made tons of money. sadly they also advantage wished the regional bank shareholders and they'll make it much harder for credit to come by. why don't people talk about this i have no idea i've been around for a long time i know that's what happened. it shouldn't have happened i'm against it true financial and pac corp. and schwab traded at $45 and change these were both broken institutions when we hear about them going down, pac quest is up to 8 bucks. when times were bad. you couldn't have a day when people told you to start making it schwab is one of the most solid brokerage firms out there. they happened to own a small

bank it was trashed day after day first horizon, you've seen them before got a takeover from toronto dominion they were willing to pay $13 billion for the inches city tulgs. because of unspecified regulations the deal was stopped. it plummeted from 15 to 10, single session today first horizon held an analyst meeting and they flew back up. so well below where it should be so what ended the bearish manipulation of the not so veiled attempt to get regulators to shut down the banks and profit from them i think it's simple. it's clear we're not going into aere session this morning goldman sachs lowered the judgment probability from 35% to 45% and that really resonated throughout the entire market that was where it was before the silicon valley bank collapse at the same time, the ones

struggling seem perfectly capable of raising money that's what matters. life blood if that's what matters, i have an idea for you. i would buy the stock of morgan stanley which is still trading where it was during the mini crisis my travel trust owns it we told people very vociferously it should be higher. if you are going on the banks, remember how easy it is for the short sellers to sell it down. now that said, if you want real market manipulation, i have a he got it for you you need to read the sec's briefs filed against binance it says the crypto exchange is just like ftx. sam bankman freed's ftx. i have no idea why anyone would still keep their money with these guys who are being charged for generating a lot of trades there was so much appalling stuff in this brief. i want to call your attention to

what i consider all of the c counterfeit coins. ada, native of cordana fil. at tomorrow, the nato crypto asset. san from the ethereum. mana by decentral land algo native of algoram axiom, affinity, cody. these are all poppy dcock if you are in them, you're a fool all of the coins are counterfeit. why bother mentioning snem unlike the banks, they all seem to be scams. i want you to be out of them you shouldn't, you're wrong. i wish someone would have told people messing with crypto it's possible to lose everything because there's no regulation.

think about this quote from the binance chief compliance officer who admitted, quote, we are operating as a bleeping unsecured entity, bro. it's almost a comedy they can't possibly keep staying one step ahead of the regulatory posse. maybe you're foolish enough to give them the money. maybe it's your fault. ever think of that maybe it's your fault. coin base, no outright fraud just unregistered dealers. ill gotten gains that's wad, too. the what do you do if you are involved with these kinds of outfits? the same thing you should have done with the ipos and meme stocks get out now. go buy t bills if i could have stopped you from buying the spacs, i would have done my best i can stop you from doing this or i can try

bottom line sometimes you get stocks that are lower like the regional banks then you get the assets that are higher a huge chunk of the crypto ecosystem, both are an affront you're never going to get any credence on "mad money" when you do this stuff to our viewers i am after you and i am not done i'm getting started. joe in oklahoma. joe. >> caller: hey,jim, boo-yah. >> boo-yah, joe. what's up? >> caller: hey, so i started out a year ago as a firm believer in jim farleigh and ford. over the last year my confidence has started to wane. what should i do with ford >> i don't blame you your confidence is waning every time they have so, so many recalls the stock should never have gotten where it did that's a shame that it did i was part of it i thought -- i sold some at a high level for my travel trust i had bought it back i think they're going to do 6 billion in cash flow, 2 billion in cash flow let's stick with jim farleigh.

i think he knows what he's doing. let's go to zach in pennsylvania >> hey, jim. big boo-yah from the eagles nation how are you? >> caller: i'm doing great i've been seeing a lot of storage sheds going up in my area, a lot of people using them, renting them this stock has a $3 dividend every quarter. i've added to the position is public storage a 20-year sold >> you have a horse sense. that is a terrific situation i very rarely ever see it not as high in the stock market i say buy. >> charlie in iowa, charlie. >> caller: maltese boo-yah, jim. >> boo-yah, charlie. what's up? >> caller: i'm a long-time viewer but a first time caller >> good to have you on the show. >> caller: i've owned qualcomm for a long time but i don't know what the future holds for it. >> i do. i think it's time to sell. the stock is sneaking up nice.

good place to get rid of it. it hurt me very barred with my travel trust it let me down it could be my fault i picked a stock that didn't do well, but you know what, they're a little complicit, too. what do you do if you're involved with these kinds of crypto outfits, the same thing you should have done with the spacs, ipos, bad meme stocks it's time to get out we've been focused on the home builders. i'm checking in with asac. then it's dell taco tuesday. i'm checking inwith jack in th box to see if it might be worth nibbling at the stock and the last 48 hours have been major for the sec and crypto so i'm going straight to the source to wrap our heads around the situation. do not miss my exclusive with former cnbc chairman tim madison. you won't believe it stay with cramer

>> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney.cnbc.com or give us a call at 1-0-cn80743-bc miss something head to "mad madmoney.cnbc.com. ahhh! icy hot pro starts working instantly.

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to wood. here's a stock that's run up 77 p% from its all-time lows last november when everybody was worried about housing. makes sthaens azek's been running as the company has turned an excellent quarter a month ago. can it keep climbing let's check in with jesse sains. welcome back to "mad money." >> great to be here, jim thank you. >> i understand the value proposition. i've used it twice it's twofold one it lasts longer but i also like the environmental aspect of it the i'll give you the floor to explain why this is such a good thing for people to buy. >> great thanks, jim. if you step back and look at the company, we have exteriors which is trim through our azek brand and decking through our timber tech brand what you have in front of you is the timber tech. the first part of the value proposition is our product has to look natural. consumers when they build an outdoor living space want

products that look like wood, feel like wood and are really indistinguishable. the second element is these products will look the same for 50 years >> right >> so there's no need to paint, stain, maintain it and i think the third element that you talked about is they are primarily made out of recycled products so, you know, we have two different product lines. one product line is made out of basically recycled polieypolyet. you can use low value plastics, stuff that is typically landfilled you don't normally have folks on your set that are giving you a pile of garbage that's normally in the landfill. we can take this product, process it, mix it with wood and put it in the middle of a deck board to create really something beautiful that's going to last and, similarly, we do the same thing with pvc we are unique in that we take post industrial pvc, post

construction pvc, old siding, credit card punches, all of that, and we similarly process that and put it within our deck boards. >> you've had some rough times commercial not doing as well as residential. i don't understand that. explain why that is. >> yeah. so we have two segments. 90% give or take of our business is residential and we also have a commercial business, which is really exposed to general industrial as you look at the company, really in the fall of last year on the residential side we went through an inventory correction and we're in great shape now we can grow with the market. we had a lag on that, on our commercial business. we will sell products in that small part of our business into things like semi cap and marine and those sorts of businesses and so we had a bit of a headwind and we have a headwind until the end of the fiscal year as we unwind the inventory of that channel once the inventory is down, it

will return. >> meantime, residential -- >> it's doing well. >> one of the things i think people have to understand, they get confused, we're not saying necessarily this is versus lumber what we're saying, it's versus how many times you have to do lumber, that's what i'm discovering. >> absolutely. i think one of the things to think about, lumber in general has come way back. and, you know, for us in any deck, lumber is a key part of the construction of that deck. so as lumber comes back, and other outdoor living, repair and remodel, as lumber comes back, it actually makes the projects more affordable. you know, we're only about 20% to 40% of the cost of a deck, the rest is lumber and labor so we're really well positioned to actually become more cost effective, be a more cost efficient solution to build an outdoor space because of the pull back in lumber. >> i have found that this -- this has properties that can be

used for more than just decking, for putting a siding on a house. i would like it as a replacement for wood for my furniture. every three years, very expensive wood, i throw away possibility? >> yeah. absolutely in fact, we just launched a line of new furniture, very modern look, it might even appeal to yourself and your family that has the same durability and same opportunity. i think one of the things that distinguishes us in the marketplace is we are not only decking. that's -- deck and pergolas and other outdoor living spaces but we also have an exteriors business that replaces wood with recycled materials in all aspects of the house if you look at our market opportunity in general, the vast majority of the markets that we play in are wood and that presents a lot of adjacent opportunities. >> i've found mine, unbeknownst to you, the guy said, listen, i

want to redo your deck, i don't want you to use wood do people find you through home de depot? do they find you through their contractor how do they find azek? >> it's a combination. you will find timber tech in the retailers and all of the pro lumber yards we've got a 200 person sales force that is engaging contractors, working with architects and we've got a very aggressive consumer campaign where we will send samples to your house these are actually examples of samples we will send to consumer's houses. for us, to win in the market in a broad base we've got to really engage everybody, both the consumer, the contractor, and the channel to make sure that we're delivering the right kinds of products. >> one last thing we know when we saw you last, there was overhang from private equity looks like they're almost gone now you're talking about a buy back in the second half of the year >> yes in the last year or so we've

announced a $400 million buy back. >> big for a small company >> we've really focused, in particular the last quarter, on turning our inventory into cash. so we've drawn down our own internal inhave veninventory. as we move through the last half of the year we continue to use that. >> the story is better than ever and the material is sensational. >> that's jesse singh, ceo of azek i'm a happy customer not because of jesse but because of my contractor "mad money" is back. >> announcer: coming up, a good meal and a good deal get fast focused on fast food when jack in the box joins kpramer next

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the restaurant business is hit or miss. while most of them put in good works now, wall street is increasingly worried how it will hold up as the economy gets slower and slower. some have been on a role like jack in the box and they own del taco a couple of weeks ago they reported great results that's one reason the stock is up big for the year. let's pull back hard from the recent highs in the bank what do you think? let's check in with darren harris, the ceo of jack in the box. welcome to "mad money." >> it's great to be here, jim. >> you have maybe the best same store sales numbers year over year how does that happen >> we've put in a great team that have been focused on our strategy, build brand loyalty, driving ops excellence, focused on growing restaurant profits and eventually getting a chance

to expand jack across the country. same store sales is about focusing on our consumer and giving them products they need when they want them. >> i haven't lived in california but you were the biggest 2 it 00 restaurant jack in the box chain nobody has ever heard of how is that possible >> we're a huge burger chain that sells a lot of tacos. >> del taco was a great acquisition. you are moving them together in other states is that the plan, to go from say 21, 22 states to 40? >> yeah. absolutely we'd lake to take both brands and fully penetrate the markets. in the next ten years i'd love to see jack in the box and del taco in all 50 states. >> you had good luck in terms of cost of labor but food costs are still going up. >> food costs are going up as we manage inflation we have to take price along with it we have to innovate. we have to look at robotics or a.i. we're testing presto in the drive through which drives same

store sales with, you know, add-on orders and makes our labor model better. >> now what i was trying to understand is this notion of value and premium in the same -- under the same roof? >> yeah. >> no one's been able to do that successfully >> so we have to balance it. we have to give the consumer what they want we have premium items and we balance it with add-on items that are value so we can speak to both sides of the proposition. >> is there room is it easy to find areas to degree >> it's always challenging when you find something people love, you can find room for growth. >> you do some clever things a st. patrick's day promotion. are you going to do each holiday? does that get you some publicity? >> yeah. we call that our crave market strategy. >> crave >> crave always looking for cultural moments. whether it's halloween and our monster tacos or this mint

mobile shake around saint. patts day, we promote ourselves. del taco, historic brand, inexpensive good food. is 3% growth enough for you in it same store sale >> we have plenty of opportunity to market the brand and get awareness. the same thing for jack in the box will help same store sales. >> you're moving into places, i don't know, salt lake city, montana. wouldn't you be better to come east, new york, let us see it? >> the most requested brand -- the most state -- the state that requested our brand the most was salt lake city, salt lake, so utah so we had to make ourselves available there because our consumers wanted it. we look around the country and look for where is there opportunity for where consumers know our brand and love it. >> you are doing something more companies don't do

mexico. >> we have a great operator. we have to have the ability to do it and we have to have the ability to get access with product. once we get there, then we understand consumer demographics some are on the border from el paso to yuma, arizona. we already had great insight. >> a.i., i know wendy's is trying when you get to the window you can order and a.i. speaks 27 languages, doesn't screw it up. >> absolutely. >> saves a person. are you trying it? >> we absolutely have it we have it at del taco the it's tremendous. it takes 85% of the orders and we're testing it we're expanding that test now to more locations at del taco and jack in the box. >> does it make mistakes or does it work? >> it works. it does a better job than a human in up selling. it drives revenue. >> this must be tremendous for gross margins? >> so it takes time.

it takes time to build a recognition. you lack the human experience. we have to balance between how do we engage the human experience with a robot. >> how is it, if i were to -- >> i've tried it many times. >> it works every time >> i have not fooled it yet. >> why are you ahead of everybody else >> part of the core of jack in the box and del tacos. challenge your mindset and innovate how do we innovate and grow. we're now at the stage where the team has put in place a great strategy and are delivering on the results and growth is next. >> where do you see yourself within the industry. they don't know you that well. they know burger king. they know yum, they know mcdonald's they should know you >> yeah. the some of it is scale. we have great brands that consumers love now we need to scale it across the country. >> trying to get a franchise, can i go get one, apply? >> you could if you have restaurant experience along with the financial capability so we're always looking for

great franchisees. >> i've been looking for you to come on. i love jack in the box, del taco from the time i lived in california i always thought you were the best bargain out there and now i see why. i think you're doing many things right. i'm so glad you came on "mad money." >> thank you so much >> that's darren harris. ceo of jack in the box i can't tell you to go visit one. i can tell you the stock is real good "mad money" is back after the break. >> announcer: coming up, cramer gets an inside read on d.c.'s efforts to enact crypto rules. the cftc and your money next (vo) this is a place for ambition. a forge of progress. a unicorn in training. a corner to build a legacy.

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it's been a busy 48 hours from the securities and exchange commission as they finally crack down on two of the largest cryptocurrency exchanges in the world. yesterday the sec filed 13 charges against binance and its founder alleging a variety of securities and fraud charges and today they hit coinbase. so what do we make of this long awaited roundup of alleged bad actors you know what i've just said, alleged. i've got to say it does the sec have a strong case here or can the crypto exchanges successfully fight the charges they sure have so far. can anyone clean up this ridiculously lawless agency? let's check in with timothy massad he's an adjunct professor of law.

welcome back to "mad money." >> great to be here. >> tim, this to me, the binance case, is really huge. >> yes. >> i think this is going to shape the future of all crypto regulations. can you please put the binance case into some sort of context so we all understand it. >> sure. i think both cases will shape the future, but particularly with binance, the sec is asserting that this trading platform should be registered as a securities exchange and a securities clearing agency and a securities broker. you know, the problem has been these trading platforms don't operate under any real framework that ensures investor protection so there are huge risks of fraud, manipulation, conflicts that's a lot of what the sec has asserted. >> at one point, tim, there's a very top officer who says basically, hey, curse word, noncompliance outfit what more do you need? >> right

right. here's the issue the question is are the tokens securities or not? and the sec in both these cases has asserted that really a large number of very prominent tokens, other than bitcoin and ether, are securities that's really important. that will be a center piece of this fight, if there is a fight in court, of the token. >> why do we of want binance in our country? they watch the trades. they lost coins. they double count. >> yeah. >> you can't value anything they're doing. >> there's no assurance other platforms aren't doing the same things washed trading where someone is trading for themselves or an affiliate to pump up the price or volume of something, that's been estimated to account for 50 to 90% of the trading volume on these platform

there's no assurance that there's any procedures to prevent that these trading platforms, most of them do have their own proprietary trading operations, which they shouldn't have. >> i've known you for a long time i have aspent my whole career trying understand this it seems predicated on what i think is just greater fool >> well, look, here's the issue. a lot of what goes on in the crypto world does just revolve around itself. it's a very interesting technology the practical use cases that connect to the real economy, frankly, are still few and far between. there's stable coins, that's a little different maybe nfts, other kinds of digitized tokens the question is, how do we create a framework where that innovation can still take place and maybe lead to things of real

value but protect investors at the same time? >> isn't that what coinbase is doing? >> what do you mean, is that what they're doing >> they're trying to get there they want their day in court. >> they claim -- the industry says we need different rules the securities rules don't work. the sec is saying those are the rules we have. so what could happen here? it's conceivable they could come up with a settlement, though pretty doubtful given the positions of the parties it gets fought out in court and that could take a while. it's conceivable congress could act. there's no real consensus in congress on what the framework for regulation should be >> but binance, they're going after -- >> yes. >> they're not going after armstrong but they don't -- i have to tell you, when i read the end of the binance complaint, i think they feel there should be disgeorgement and dishonesty. >> yes, that's true. binance they're looking for asset freezes and injunctive

relief they don't seem to be doing that in the coinbase case i think the problem is it could take a while for this to play out and we're still going to be without real good investor protection. >> how can anybody actually want to put their money there there's comingling going on in binance. it could have been sam bankman-fried. >> you have to under why stand when you trade crypto, the risk isn't just about the token and the volatility of the token, it's also about the platform on which you're trading it. and so you've got to do your own due diligence and try to figure out which platforms do you think are at least operating with the greatest amount of integrity. >> one thing is certain, the commission did due diligence on solano, core dadano they said they're scams.

>> they're securities. >> they're not saying they're scams, they're securities. >> they're inherently difficult -- how about difficult to value >> well, i think the value issue is difficult with crypto because, again, all of these to tokens, all the ones that are backed, is what does the market think they're worth even though they're not connected to anything underlying of real value. again, the use case is not always clear but, you know, i think the question is can we create a framework that prevents fraud, prevents manipulation, ensures investor protection and let people invest and see what happens. >> yo doesn't an exchange when you register show you some clarity and allow you to do what we want? >> the business model is inconsistent with the way our securities markets work. >> why though? >> well, because they are more vertically integrated and, you know, the question is could they

really change their business model to follow that and they would also argue, look, the securities disclosure rules don't work. >> but what do they have to fear we all want -- what do they have to fear that they keep hiding this >> well, again, they're saying the laws don't really work given the nature of the tokens, and a lot of people in congress might say the same thing even on the disclosure rules, some people would say they're over inclusive, under inclusive. again, we need some investor framework. that's why jay clayton and i have argued let's put in an interim step which is have the sec, fcc put in place some rules. one of the issues with the model is should you be able to trade bitcoin and ether, which let's say are commodities, on the same platform as other things >> right >> now under, you know, the sec view, i don't think that would

be allowed, but should -- is that the model we want so, again, there are some questions about where do we really want to go? but we've got to have much better investor protection. >> oh, definitely. i feel this is so dangerous for people, just dangerous i want to thank tim massad, the former cftc chair. he understands this. guys, there's much more risk here than most of the things we talk about in the show if you understand the risks, then you understand you could lose a lot of money. "mad money" is back after the break. >> announcer: coming up, what's on your mind, cramerica? give us a call the lightning round is storming the nyse next. [phone: starting route.] technology helps us navigate to work. [phone: go straight.] but, to navigate the complexities of modern work... [phone: turn left.] ...you need more than technology.

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sponsored by t.d. ameritrade >> jim cramer, die hard. >> hey, jimmy, love the show. >> my 5-year-old grandson loves your show. >> i have to thank you for making us money when it's there to be made. >> our world is a better place with you in it it is time it's time for the lightning round. and then the lightning round is over are you ready, skee-daddy. let's start with ginger in ohio. ginger. >> caller: hi, mr. cramer. thank you for taking my call >> quite welcome. >> caller: i'm retired but i'm an old cramer fan. >> what's going on >> caller: i bought a couple of your pipeline stock recommendations. i kind of like those

last april i bought into a little small cap pipeline stock that's building a pipeline through west virginia. it's extremely politically hot bed -- >> that's senator manchin's pipeline take half off the table. thank you for watching for so many years let's go to michelle in new york michelle >> caller: hi, jim. >> michelle, what's up >> caller: do you think it's too late to get back into idex laboratories >> yes, i do i prefer you are in zoa. johnny in massachusetts. johnny >> caller: we want to hear your thoughts on alibaba. >> alibaba is the only chinese stock i would recommend. if you have to buy a chinese stock, that would be the one i don't think you should, but that's the one

joe in new jersey. >> caller: my man, cramer. hope all is well with you and thank you for making me make a lot of mad money. >> that's what i want to hear. thank you very much. let's go on. let's work together. >> caller: yes hey, look, when shopping i always like to buy the best and with tools it's snap on, inc is it a buy? >> you bet it is it's a great company good job the shorts try to get them down. they failed. it's going higher. ky in michigan ky. >> caller: hey, jim jim. question for you time to connect with jbl >> at a 52-week high, no a 10% pull back and then you can pull the trigger let's go to haresh in south carolina. >> caller: first time caller boo-yah. i would like to know a little bit more about gety.

>> it's a company that i didn't know much about until, frankly, it was mentioned as part of the a.i. revolution. you know what -- let's go to michael in minnesota michael. >> caller: boo-yah, jim, thanks for taking my call >> boo-yah back. >> caller: back in april you endorsed this biotech company as a winner however, we're concerned about the valuation. since that time they reported stellar quarterly results and raised their four year results and what are your thoughts of shock wave medical >> we've got to go back to shock wave we were too let's say cherry it was a good stock that goes higher brian in california. brian. >> caller: jim, long-time listener, first-time caller. your medcal -- >> plus 4. signing bottles this weekend, saturday, smith town, what's up? >> caller: my question is ge is up 50%.

>> it goes higher. aerospace is great now even the power generation business is good and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, as a market we keep getting oil wrong. cramer has the secret sauce to make the barrels work for you next

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a lot of people are puzzled that oil can't live. that's because the commentators keep getting oil wrong we keep thinking that opec or opec plus can determine the price of crude, but that hasn't been the case for years. right now the price of oil is controlled by two countries, the united states and russia we're the largest producer in the world. meanwhile, russia is wagging a war almost entirely financed by oil. they can send oil even surreptitiously to the united states we've always heard russia would need american technology to pump crude. in reality, russia is an authoritarian dictatorship obviously the less they say they produce, the better it is for oil prices they have a huge amount of moil.

they're pumping like mad when you look at the truly pathetic reporting from opec, the million gallon cut back, it reads as a parody. those days are long gone those in the know accept that oil prices are set right here. we're seeing the explosion of technologies bringing down the price of crude for our producers, particularly those with exxon where ceo darren woods spoke he's bullish about boosting the shale recovery. right now we're about 12.5 million barrels of oil out of the ground each day. that's going to go to 14 million rather soon thanks to the technology exxon is talking about. there are well lateral lines going from 2 to 3 miles. there are so many other ways the costs of production has come down the idea of crude holding in the $70 range seems like a measly million pounds a day seems more efficient. think of diamondback, $19.69 per

barrel pioneer, $21.97. devon, 23.7. thank you, western brazil, for these numbers. those numbers are so low the idea they can pump so much oil means opec can't put a dent in them unless we get 5 to 10 million barrel a day cutback that's going to happen why do people still take the stories seriously? because the opec car stel broken and the u.s. producers dominate the oil industry because of an inability to lay pipe lines in the northeast, there won't be enough energy coming to england. we can still export 2 billion gallons a day and meet our own needs and import from canada that's what keeps the price down that's why these stories focused on opec are so darn stupid don't get me started on how cheap our natural gas has become we have 100 years of this stuff and it's the lowest cost in the

world. there's no opec for nat gas. we own the whole market and we set the price. don't believe the saudi hype they can manage the gulf world more than the oil world. i always say there's right here. i'm jim cramer "last call" starts now hi i'm brian sullivan, and tonight the wrath of the sec the agency turning the screws on coinbase holy cow beef prices continue to sizzle can restaurants and consumers swallow it did the u.s. know about the plot to bomb the pipeline plus, boeing hitting rough air again. a new defect discovered with one of its biggest and most important planes we'll get the breaking news. and legal marijuana