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let's see Tesla plus $129 ExxonMobil - a change what a nice day doesn't that really say it at all does that got a lot of blow that clearly you for my recent stain on fossil fuels people are acting like I'm coming at this as an environmentalist which is nuts I love the environment but they never stopped me from recommending the oil stocks for my entire career I'm not here though to take political stands my job is to help you try to make money if that's the case why have I spent so much time in the last couple years focusing on social issues I call it impact per share sustainability the planet as the stakeholder reducing carbon emissions nobody in wall street used to care about this stuff I used to tell you that you can't afford to care about it as an investor so what changed all right now tons of money managers care about it CEOs know that lots of people won't buy their stocks unless they take sustainability seriously many investors especially the younger ones need to here a company stance on these issues and if they don't like it they never until dump the stock or they'll never touch it this is not about what I think it's not about my opinions you have to check your opinions at the door but what a critical mass of money matters behaving this way you have to care because they're buying selling is what drives stock prices it's kind of the point where Larry Fink he's the CEO Blackrock one of the largest asset managers on earth it's now saying these sustainability concerns are paramount in his stock picking black rocks got a huge oil and gas holders I mean face talking about their vesting any company that gets more than 25 percent revenue from thermal coal that's a big greenhouse gas emitter you'll have to consider my opinions but Larry things got 7 trillion dollars under management I think many people just haven't realized the seriousness of this pronouncement they will no one in this industry as much sway as Larry thing and that includes Warren Buffett so when you have to ask what he's going to go to after this I'm betting that I'll say it's royal and gas but if that's just one very influential money manager recently spoke to sign into Delhi's the CEO of Microsoft this 1.3 trillion dollar company is moving aggressively to become carbon negative not neutral but negative by 2030 which includes creating 1 billion dollars to stay in ability foot what was so so powerful that I believe that the Della's pronouncements will change his whole suppliers processes supply chain big impact finally if you think seem capable moving the oil market the Iranians taken down third of Saudi Arabia's capacity with some drones who barely bounces they shoot missiles at US troops stationed in Iraq nothing the sally sally's vowed to hold an emergency OPEC meeting to cut back production last night oil drops a buck 40 that's right right into bear market territory I know lots of oil execs are unhappy with my stance there I think that you these are than the other side of history so to speak but remember I'm not about making friends on the show I'm about trying to make you money and the honest truth is I don't think I can help you make money in the oil and gas talks anymore they feel like a slowly melting ice cube a wasting asset that will have down revenues unless the price of crude jumps and stays higher but after recent events I don't know what's gonna make that happen now some are interpreting my stance is some some dope who doesn't know anything and is spouting off about big energy issues well that my friends is lunacy anyone who's watched this show for the last 14 years knows I've been a mutt I've been maybe the most vocal proponent of the oil patch of anyone on their barn not I'm a huge believer in the u.s.
becoming energy independent I've been a major booster of natural gas as a cleaner bridge fuel I was an evangelist for the shale plays back when no one even knew what they were I considered myself a great friend of the late Albury McClendon they all see you of Chesapeake taught me everything I needed to know about the pending boom in natural gas production I talk to him all the time McClendon got it right but the bounty is overwhelmed itself there's too much oil and gas being pumped with too little demand in this country that's the essence of the problem when it comes to the stock market and the reason I think that they are on the wrong side of history and there's nothing to do with politics and everything to do with the fact that Tesla was up huge today and Exxon stock was down after Goldman Sachs of all places downgraded stocks from hold officials all over the world are rushing to contain and defeat the coronavirus what do you need to know to protect your health and your portfolio Cramer sits down with the CEO of doctor on demand when Mad Money returns havalm you
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