One of the surprises on Blackstone Group’s Byron Wien’s annual “Ten Surprises” list was that an oil price shock would send West Texas Intermediate Crude to over $70 a barrel. At about the same time, BlackRock announced its big move away from fossil fuels. Their positions are closer than they seem. This podcast (7:01) argues that energy companies, which today reside in the bargain basement, may be worthwhile investments, from a value-perspective if not values perspective (leaving it to listeners to determine the moral path of their portfolios). Learn more about your ad choices. Visit megaphone.fm/adchoices