TheStreet.com RealMoney

Users Can Force a Bottom in Oil

By Jim Cramer

 About this article:
 Can oil collapse through $30? I am on record saying no, and I don't want to deviate from it because I believe there are too many companies that need to lock in low oil for years, and this would be the time to do it. If there are solvent airlines -- as Delta is -- the company can really take care of its needs for a long time. Same with any of the chemical companies. Any company that is a gigantic consumer of oil can really make predictability come true. But I wonder if they will do it. I keep thinking about how the producers of oil and gas, the big companies, didn't sell much product forward and lock in those incredible, speculation-driven prices.. Almost none of them did it. Maybe the market isn't wide enough. Doesn't matter. It was a great opportunity, and other than...

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