That doesn't make it energy. Learning about how ninja politics and such work in Naruto might be quite interesting and often some of a series' strongest chapters are the bits between arcs just focusing on how the characters are getting along, showing their normal daily lives for a bit, but it has nothing to do with how much energy the series has.
Just look at iyashikei stuff like Flying Witch or Mushishi, they've both got pretty strong characters or worlds to them but you could hardly say they've got a lot of energy and that's exactly why they fun to watch.
On the opposite site, Red Sprite was another series that was constant high energy with stuff always going on and it suffered heavily because of it, because it put so much focus on having that energy that it ignored the build up that gives the energy meaning.