Francisco J. Monaldi
Title: Fellow in Latin American Energy Policy | Director, Latin America Energy Program
Office Phone: (713) 348-2476
Francisco J. Monaldi, Ph.D., is the fellow in Latin American energy policy and the director of the Latin America Energy Program at the Center for Energy Studies at Rice University’s Baker Institute for Public Policy, a fellow at the Center for the United States and Mexico, and a lecturer in energy economics at Rice University. He is also the founding director and a professor at the Center for Energy and the Environment at IESA in Venezuela, and a visiting professor at the School of Government at the Tecnológico de Monterrey in México.
Monaldi was previously a nonresident fellow at the Center on Global Energy Policy at Columbia University (2017-2019); a visiting professor of energy policy at the Harvard Kennedy School of Government (2012-2015); an associate of the Geopolitics of Energy Project and the Roy Family Fellow of the Environment and Natural Resources Program at the Belfer Center for Science and International Affairs (2013-2016); the Robert F. Kennedy Visiting Professor in Latin American Studies at Harvard University (2012-2013); an adjunct professor of international energy policy at the Fletcher School of Law and Diplomacy at Tufts University (2013-2014); a visiting professor of political economy at Stanford University (2009); and a national fellow at the Hoover Institution (2008-2009). He has been a visiting lecturer at the Graduate Institute in Geneva, the Universidad de los Andes in Bogotá, and the Universidad ESAN in Lima. Between 2002 and 2012, he was a lecturer in political economy at Universidad Católica Andrés Bello in Caracas.
Monaldi is a leading scholar on the politics and economics of the oil industry and oil wealth management in Latin America and developing countries. He has consulted with numerous international institutions, governments and companies, including The World Bank, International Monetary Fund, Inter-American Development Bank, CAF Development Bank of Latin America, Saudi Aramco, PDVSA, Pemex, Shell, Chevron, Total, Equinor, the governments of Saudi Arabia, Mexico, Venezuela, Kazakhstan, and Albania, Natural Resource Governance Institute, Stanford Program on Energy and Sustainable Development, Harvard Center for International Development, IHS Markit, Wood Mackenzie, Eurasia Group and Medley Global Advisors.
Monaldi has authored numerous academic publications, including “The Cyclical Phenomenon of Resource Nationalism in Latin America” in the Oxford Research Encyclopedia (Oxford University Press, 2020); “The Political Economy of Oil Taxation in Latin America” in “The Political Economy of Taxation in Latin America,” G. Flores-Macias, ed. (Cambridge University Press, 2019); "Institutional Collapse" in “Venezuela Before Chavez: Anatomy of an Economic Collapse,” R. Hausmann and F. Rodriguez, eds. (Penn State University Press, 2014); "Oil Fueled Centralism," in “Oil and Gas in Federal Systems,” G. Anderson, ed. (Oxford University Press, 2012); and "The Political Economy of Oil Contract Renegotiation in Venezuela," in “The Natural Resources Trap: Private Investment without Public Commitment,” W. Hogan and F. Struzenegger, eds. (MIT Press, 2010).
He holds a Ph.D. in political science (political economy) from Stanford University, an M.A. in international and development economics from Yale University and a B.A. in economics from Universidad Católica Andrés Bello.
my research and publications
- 09/05/2017 - Energy and Economic Diversification Policy Roundtable
- 10/07/2020 - Fuel Subsidy Reform Since Pittsburgh G20: A Lost Decade?
- 07/09/2020 - The Cyclical Phenomenon of Resource Nationalism in Latin America
- 05/04/2020 - A perfect storm strikes Venezuela
- 04/27/2020 - Oil Price Collapse in Latin America
- 02/24/2020 - Political Risk and Foreign Investment in Argentina’s Vaca Muerta
- 02/24/2020 - The Collapse of the Venezuelan Oil Industry: The Role of Above-Ground Risks Limiting FDI
- 01/21/2020 - Energy Investment in Vaca Muerta: Shale is Different
- 11/20/2019 - Can a Peronist Capitalize on Argentina's New Energy Reality?
- 10/15/2019 - If Citgo Is Lost, Maduro Will Win
- 08/23/2019 - The Political Economy of Oil Taxation in Latin America: Policy Volatility and Untapped Potential
- 08/21/2019 - Making Pemex Great Again?
- 06/12/2019 - Venezuela's fall and potential rise
- 04/23/2019 - How China Can Help Save Venezuela
- 03/27/2019 - Shifting Politics of Oil in Latin America
- 08/07/2018 - In Venezuela, a difficult Comeback
- 06/07/2018 - AMLO & Resource Nationalism
- 03/13/2018 - Venezuela's Oil Industry Collapses
- 02/28/2018 - Is the Petro Backed by Oil Reserves?
- 02/28/2018 - Code Red: Venezuela's Oil and Debt Crises
- 02/28/2018 - Apocalypse Now: Venezuela, Oil and Reconstruction
- 01/24/2018 - Venezuela Oil Output Plummets
- 08/23/2017 - Possible U.S. Sanctions on Venezuela
- 08/09/2017 - Venezuela: Options for U.S. sanctions
- 08/10/2017 - Understanding Venezuela's discredited election
- 07/24/2017 - Venezuela, Oil and Reconstruction
- 07/21/2017 - Could Venezuela’s Oil Sector Survive U.S. Sanctions?
- 06/15/2017 - Reviving Venezuela's oil industry
- 02/04/2014 - Oil and Politics in Venezuela
- 02/09/2021 - U.S. policy toward Venezuela's hydrocarbon sector
- 01/24/2017 - State-owned oil in Mexico & Latin Am.
- 01/20/2017 - Venezuela’s Oil Industry: Managing the Collapse but Increasing Opportunities
- 12/05/2016 - U.S. Policy Toward the Hydrocarbon Industry in Latin America
- 11/18/2016 - PDVSA: Weathering the collapse
- 10/03/2016 - Colombians say 'no' to FARC deal
- 09/13/2016 - Latin America's energy future
- 09/10/2015 - The Impact of the Decline in Oil Prices on the Economics, Politics and Oil Industry of Venezuela
- 09/14/2015 - First Take: Latin America's Oil and Gas
- 09/03/2014 - Is Resource Nationalism Fading in Latin America? The Case of the Oil Industry
- 01/18/2006 - Political Institutions, Policymaking Processes, and Policy Outcomes in Venezuela
- 03/20/2008 - Análisis institucional de la gobernabilidad y contratación en el sector petrolero: casos de la región andina
- 11/18/2008 - The Political Economy of Oil Production in Latin America
- 12/18/2009 - The Political Economy of Oil Contract Renegotiation in Venezuela
- 07/20/2010 - La Economía Política del Petróleo y el Gas en América Latina
- 11/25/2010 - Decentralizing Power in Latin America: The Role of the Governors in the National Arena
- 06/20/2012 - La Industria Petrolera Venezolana: una nueva oportunidad histórica
- 09/30/2012 - Direct distribution of oil revenues in Venezuela: A viable alternative?
- 07/26/2013 - Exploiting Latin America’s oil potential hampered by politics
- 01/01/2014 - The Mining Boom in Latin America: Rents, Development and Democracy
- 02/23/2021 - U.S. Policy and Venezuela’s Hydrocarbon Sector