Cramer blue on green investing

Don't expect a lot of green from your green investments

It's green week on NBC, parent of the CNBC show Mad Money. The last couple of years, Mad Money host Jim Cramer, has created a green portfolio which he covered yesterday. Essentially, green investments have gotten hammered in the last few months, and Cramer doesn't see any green at the end of the alternative technology tunnel any time soon.

While many have hoped that President-elect Obama is the answer to green technology troubles, Cramer appeared far less hopeful. In fact, he claimed that President Jimmy Carter had more ambitious green plans than Obama. In the end, however, the cheap cost of oil made Carter's investments largely worthless.

Cramer seemed to imply that Obama might be willing to spend $150 billion on alternative energy, but if investors aren't willing to match that investment, Obama is just wasting money. And cheap oil, Cramer believes, will keep most investors out of green investments.

Also, Cramer seems to believe that Obama's disinterest in natural gas is a mistake. If, however, Obama would embrace natural gas, then Cramer thinks natural gas players, such as Anadarko Petroleum could be huge winners.