The drop in oil prices has created a unique opportunity to invest in energy, Steve Schwarzman, CEO of private equity giant Blackstone, told CNBC on Thursday. It's just one area he's eyeing for 2015.
To capitalize on the energy opportunity, the firm can invest in troubled companies, buy debt, make investments in new companies and recapitalize companies that have a financial need, he said.
"For us, with very large amounts of capital, with a huge decline, there are going to be a certain number of companies under real stress and that presents a very unique window," Schwarzman said in an interview with "Closing Bell."
He's not overly concerned about too much oil production hampering that investment, instead viewing it as a global commodity with some pockets of regional oversupply.
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"Like most commodities there's less of it produced at a certain point as the price goes down and then things will normalize," Schwarzman said. "Then the consumption of the world going up over time will result in prices going back again on the higher side."