The Super Bowl of Energy from Marketplace. I'm Sabri Beneshore in for David Brancaccio.

The crisis in the Middle East has had a worse impact on oil than both of the famous oil shocks of the 1970s combined.

That is according to the head of the International Energy Agency.

And that is the backdrop for an annual meeting this week of thousands

of the most consequential energy companies in the world, sometimes called the Super Bowl of Energy.

Officially, it's called Sierra Week. And speakers this year include U.S. Energy Secretary Chris Wright,

Venezuelan opposition leader and Nobel Peace Prize winner Maria Karina Machado, as well as executives

from Shell, Chevron, and even companies like Ford and NVIDIA. Marketplaces Elizabeth Troval has more.

Energy industry leaders are meeting at a time when war in the Middle East has caused a major

disruption in the global supply of oil and gas. Dan Pickering is with Pickering Energy Partners.

We're in the middle of a conflict that's probably lasting longer than people expected,

has taken different turns than people expected.

There's a lot of questions about how will this play out and what's the longer-term implication.

The energy world is at a pivotal point, says Atul Aria with SME. this play out and what's the longer-term implication.

The energy world is at a pivotal point, says Atul Aria with S&P Global, which puts on the event.

I think what is happening now in the Middle East is probably the most monumental disruption

in the world of energy in the entire history of modern energy world.

Thousands of people will attend zero week shelling out as much as $11,000 a ticket.

Kar Engham, with the Texas Alliance of Energy producers, is keen on hearing how crude oil prices

will be affected by the Middle East War.

This is now shifting to a discussion about a longer-term price scenario that is much higher,

much higher than it has been for most of the last three or four years.

...