The energy sector has been largely stable following a series of dramatic shocks, including the ousting of Nicolás Maduro and the U.S. invasion of Iran. However, instead of responding quickly to these crises, the energy sector seems to have entered a holding pattern. At CERAWeek by S&P Global, top officials from around the world, executives highlighted the severity of the crisis and its likelihood to continue. Despite this, major players have not indicated a strategic shift towards investing in AI or other forms of energy. Tech companies such as Alphabet and Google have been able to invest heavily in energy technology, but their capital allocation decisions will impact the market for all others.