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Chevron's the Tell on Pricey Oil

By Jim Cramer

About this article:
We see what's happening in the oil market today, and while it has little to do with Nigerian cease-fires or Brazilian strikes, the most telling thing to me was how little oil Chevron's pumping. You would think that an outfit like Chevron could say, "OK guys, turn on all the spigots, pump out twice as much oil -- this is a moment of a lifetime." The opposite happened. The output was the slowest in three years. Of course there were some one-off reasons for this, but what really matters to me is that the independent oil companies, the repositors of all the great energy technology, are being crowded out by nations that don't drill as much, and the oil companies we revere in this country aren't growing. It is now all about the worst oil countries not being aggressive or being political or dangerous -- Mexico,...

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