Experts in the News

“In 2015, there were about 100 oil rigs operating in Argentina, and by the first half of 2019, there were still around 60 rigs,” said energy fellow Francisco Monaldi. “Today, there are no rigs operating in the country. A catastrophe.” 

Latin America energy fellow Francisco Monaldi explained why certain countries in the region are better placed to ride out the storm. 

Energy fellow Francisco Monaldi broke down the new global reality for oil as demand plunges and production drops to historic levels. 

Instead of boosting Mexico’s growth, Pemex could become a crushing financial burden for a nation that was already facing its worst recession in decades. “Everyone knows [López Obrador] will not let Pemex go under,” sayid energy fellow Francisco Monaldi. “He will drag the Mexican government down with Pemex.”

Fellow Francisco Monaldi discussed the political and economic crisis in Venezuela.