Cramer spoke with Pete Miller, chairman, president and CEO of National Oilwell Varco (NOV), about the company’s prospects as oil prices fall. Miller said he is seeing no decline in demand for new oil rigs. He mentioned that NOV has a backlog of $10.8 billion that extends to 2011. Miller pointed out that even if oil drops to $110 or $100, NOV will be fine. He explained that most of the rig orders were signed two years ago when the price of oil was much lower. “The lead times on this are so significant that you’re making a bet on the future,” he said. Cramer told viewers to buy this stock, calling it the single best driller. He advised viewers to start building a position with the stock down. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com