TOD: CNBC’s Cramer Acknowledges Peak Oil and $100/bbl

Jim Cramer, on CNBC, at 6:10-6:20edt discussed Matt Simmons, oil prices, and even took a call on “Hubbert’s Peak!”

He also said oil was way too cheap (compared to a gallon of milk) and was going to $100 way before it sees Steve Forbes’ $35/bbl.

It was one of the better lay explanations I have seen in a while.  I would recommend you tell your non PO-aware friends about this one if they have CNBC.

The program will be rebroadcast at 9 and midnight edt. The segment begins about 10 past the hour. If you wanted mainstream media coverage folks, this is it.

More after the jump at The Oil Drum.