Posted by Davy Bui on December 5th, 2007 in Pundits
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Last night on the CNBC show, Mad Money, Jim Cramer — everyone’s favorith whipping boy — went bullish on energy and basically cited peak oil as his reason why (though he didn’t call it that).

Now I know many people reflexively discount anything Cramer says but that’s a bit silly. I enjoy his show and he’s got some good pointers for DIY investors (average down, buy-and-homework, etc).

In any case, whether you hate Cramer or not, the idea of permanent oil supply constraints is gathering momentum in the mainstream. I know many “value” investors don’t buy oil companies because of earnings lumpiness.

It may be time to reconsider. Nothing I’ve seen so far dissuades me from the viewpoint that we are in a secular bull market.