Chesapeake Energy Corporation CEO Aubrey McClendon and CNBC’s “Mad Money” host Jim Cramer spoke out against cap and trade legislation at OU Friday during a taping of Cramer’s show.

The two men said the legislation, intended to reduce carbon emissions to combat climate change, is just a legislative win for the coal industry and its lobbyists.

“Cap and trade is nothing but a big win for the coal industry,” Cramer said. “You hear people talk about clean coal, but there is no such thing as clean coal.”

Both men said clean coal is not a viable solution for the future of the U.S.

“Clean coal doesn’t exist today,” McClendon said. “It is a technological fantasy, and financially it’s insanity.”

“People aren’t just starting to realize America is the Saudi Arabia of coal, but they are also starting to realize it is the Saudi Arabia of natural gas,” Cramer said.

McClendon said it was only recently that natural gas companies have realized how abundant the fuel really is and that it was time to educate lawmakers in Washington. If political leaders would get around natural gas, they could really make a difference and address important political issues, he said.

“It’s just a matter of time and education,” McClendon said. “For years, we’ve known that natural gas is a great fuel.”

He said incentives need to be created to get natural gas power plants up and running.

To prove natural gas can be usable in any vehicle, McClendon brought a natural gas-powered motorcycle. The motorcycle was made by Orange County Choppers in celebration of Chesapeake being in business for 20 years, McClendon said.

“It shows that natural gas is not only very practical but also very cool,” he said.

McClendon said the natural gas industry could put former automobile manufacturing workers back to work in the natural gas industry.

“We are not just talking about a natural gas as a bridge fuel, but it is a foundation to moving us away from dependence on foreign oil and reducing out carbon emissions,” he said.