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DESCRIPTION:We watched Venezuela in amazement\, while news broadcasted over
 whelming happiness by some and dismay by others. Professor Francisco Monal
 di will be providing a timely analysis of Venezuela's oil and US policy: W
 hat to expect?             and reponding to your questions on Thursd
 ay\, January 22\, 2026.  Francisco J. Monaldi\, Ph.D.\, is the Wallace S.
  Wilson Fellow in Latin American Energy Policy and director of the Latin A
 merica Energy Program at the Center for Energy Studies at Rice University
 ’s Baker Institute for Public Policy. He is also a fellow at the Claudio
  X. González Center for the United States and Mexico\, a lecturer in ene
 rgy economics at Rice University’s Department of Economics\, and a lectu
 rer in energy management at the Jones Graduate School of Business. He is 
 a member of the International Faculty at IESA School of Management in Vene
 zuela and Panama\, where he was a professor and the founding director of t
 he Center for Energy and the Environment. He is a nonresident fellow at th
 e Center on Global Energy Policy at Columbia University. He is a member of
  the International Advisory Council of Global Americans\, the Venezuela So
 lutions Group of the Atlantic Council\, and the Education Advisory Board o
 f the Association of International Energy Negotiators.  Monaldi was previ
 ously a visiting professor at the School of Government at the Tecnológico
  de Monterrey in México\; an adjunct senior research scholar at the Schoo
 l of International and Public Affairs at Columbia University\; a visiting 
 professor of energy policy at the Harvard Kennedy School of Government\; a
 n 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\; the Robert F. Kennedy Visiting Profes
 sor in Latin American Studies at Harvard University\; an adjunct professor
  of international energy policy at the Fletcher School of Law and Diplomac
 y at Tufts University\; a visiting professor of political economy at Stanf
 ord University\; a national fellow at the Hoover Institution\; and a resea
 rcher and lecturer in political economy at Universidad Católica Andrés B
 ello in Caracas. He has also been a visiting lecturer at the Graduate Inst
 itute in Geneva\, the Universidad de los Andes in Bogotá\, and the Univer
 sidad ESAN in Lima. Monaldi is a leading scholar on the politics and econo
 mics of energy and resource policy in Latin America. He also studies insti
 tutions and resource wealth management in developing countries. He has con
 sulted with numerous international institutions\, governments and companie
 s — including the International Monetary Fund\, World Bank\, Inter-Ameri
 can Development Bank\, CAF Development Bank of Latin America\, Saudi Aramc
 o\, Ecopetrol\, PDVSA\, PEMEX\, Chevron\, ExxonMobil\, Shell\, Total Energ
 ies\, Equinor\, JP Morgan\, Barclays\, Natural Resource Governance Institu
 te\, Harvard Center for International Development\, S&P\, Rystad\, Wood Ma
 ckenzie\, Eurasia Group\, Medley Advisors\, and the governments of Norway\
 , the U.K.\, the U.S.\, Argentina\, Colombia\, Ecuador\, Mexico\, Venezuel
 a\, Saudi Arabia\, and Kazakhstan. Monaldi has authored and coauthored num
 erous academic publications\, including “Shale Renders the Obsolescing B
 argain Obsolete: Political Risk and Foreign Investment in Argentina’s Va
 ca Muerta” (Resources Policy\, 2021)\; “The Cyclical Phenomenon of Res
 ource Nationalism in Latin America” in the Oxford Research Encyclopedia 
 (Oxford University Press\, 2020)\; “The Political Economy of Oil Taxatio
 n in Latin America” in “The Political Economy of Taxation in Latin Ame
 rica\,” G. Flores-Macias\, ed. (Cambridge University Press\, 2019)\; “
 Institutional Collapse” in “Venezuela Before Chavez: Anatomy of an Eco
 nomic Collapse\,” R. Hausmann and F. Rodriguez\, eds. (Penn State Univer
 sity Press\, 2014)\; “Oil Fueled Centralism\,” in “Oil and Gas in Fe
 deral Systems\,” G. Anderson\, ed. (Oxford University Press\, 2012)\; an
 d “The Political Economy of Oil Contract Renegotiation in Venezuela\,”
  in “The Natural Resources Trap: Private Investment without Public Commi
 tment\,” W. Hogan and F. Struzenegger\, eds. (MIT Press\, 2010). He hold
 s a Ph.D. and an M.A. in political science (political economy) from Stanfo
 rd University\, an M.A. in international and development economics from Ya
 le University\, and a B.A. in economics from Universidad Católica Andrés
  Bello. 
DTEND:20260122T190000Z
DTSTAMP:20260920T124446Z
DTSTART:20260122T173000Z
LOCATION:Tony’s Restaurant
SEQUENCE:1
SUMMARY:Venezuela's Oil and US Policy: What to expect?
UID:f783aaf6-fe2f-4722-9517-0654fe79e5b4
X-ALT-DESC;FMTTYPE=text/html:<p style="box-sizing: border-box\; transition:
  all\; margin: 0px 0px 1.25rem\; padding: 0px\; border: 0px\; outline: 0px
 \; vertical-align: baseline\; background-image: none\; background-position
 : 0% 0%\; background-size: auto\; background-repeat: repeat\; background-a
 ttachment: scroll\; background-origin: padding-box\; background-clip: bord
 er-box\; font-family: &quot\;Soehne Bush&quot\;\, Arial\, sans-serif\; -we
 bkit-font-smoothing: antialiased\; font-size: 18px\; line-height: 28px\; c
 aret-color: rgb(27\, 27\, 27)\; color: rgb(27\, 27\, 27)\; text-size-adjus
 t: 100%\;">We watched Venezuela in amazement\, while news broadcasted over
 whelming happiness by some and dismay by others. Professor Francisco Monal
 di will be providing a timely analysis of <span style="-webkit-text-size-a
 djust: auto\; caret-color: rgb(0\, 0\, 0)\; color: rgb(0\, 0\, 0)\; font-f
 amily: UICTFontTextStyleBody\; font-size: 21px\;">Venezuela&#39\;s oil and
  US policy: What to expect? &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\
 ; </span>and reponding to your questions on Thursday\, January 22\, 2026.&
 nbsp\;</p>\n\n<p style="box-sizing: border-box\; transition: all\; margin:
  0px 0px 1.25rem\; padding: 0px\; border: 0px\; outline: 0px\; vertical-al
 ign: baseline\; background-image: none\; background-position: 0% 0%\; back
 ground-size: auto\; background-repeat: repeat\; background-attachment: scr
 oll\; background-origin: padding-box\; background-clip: border-box\; font-
 family: &quot\;Soehne Bush&quot\;\, Arial\, sans-serif\; -webkit-font-smoo
 thing: antialiased\; font-size: 18px\; line-height: 28px\; caret-color: rg
 b(27\, 27\, 27)\; color: rgb(27\, 27\, 27)\; text-size-adjust: 100%\;"><st
 rong>Francisco J. Monaldi\, Ph.D.\, is the Wallace S. Wilson Fellow in Lat
 in American Energy Policy and director of the Latin America Energy Program
  at the Center for Energy Studies at Rice University&rsquo\;s Baker Instit
 ute for Public Policy.</strong></p>\n\n<p style="box-sizing: border-box\; 
 transition: 0ms\; margin: 0px 0px 1.25rem\; padding: 0px\; border: 0px\; o
 utline: 0px\; vertical-align: baseline\; background-image: none\; backgrou
 nd-position: 0% 0%\; background-size: auto\; background-repeat: repeat\; b
 ackground-attachment: scroll\; background-origin: padding-box\; background
 -clip: border-box\; font-family: &quot\;Soehne Bush&quot\;\, Arial\, sans-
 serif\; -webkit-font-smoothing: antialiased\; font-size: 18px\; line-heigh
 t: 28px\; caret-color: rgb(27\, 27\, 27)\; color: rgb(27\, 27\, 27)\; -web
 kit-text-size-adjust: 100%\;">He is also a fellow at the Claudio X. Gonz&a
 acute\;lez Center for the United States and Mexico\,&nbsp\;<span style="bo
 x-sizing: border-box\; transition: 0ms\; margin: 0px\; padding: 0px\; bord
 er: 0px\; outline: 0px\; vertical-align: baseline\; background-image: none
 \; background-position: 0% 0%\; background-size: auto\; background-repeat:
  repeat\; background-attachment: scroll\; background-origin: padding-box\;
  background-clip: border-box\;">a lecturer in energy economics at Rice Uni
 versity&rsquo\;s Department of Economics\, and a lecturer in energy&nbsp\;
 </span>management at the Jones Graduate School of Business. He is a member
  of the International Faculty at IESA School of Management in Venezuela an
 d Panama\, where he was a professor and the founding director of the Cente
 r for Energy and the Environment. He is a nonresident fellow at the Center
  on Global Energy Policy at Columbia University.</p>\n\n<p style="box-sizi
 ng: border-box\; transition: 0ms\; margin: 0px 0px 1.25rem\; padding: 0px\
 ; border: 0px\; outline: 0px\; vertical-align: baseline\; background-image
 : none\; background-position: 0% 0%\; background-size: auto\; background-r
 epeat: repeat\; background-attachment: scroll\; background-origin: padding
 -box\; background-clip: border-box\; font-family: &quot\;Soehne Bush&quot\
 ;\, Arial\, sans-serif\; -webkit-font-smoothing: antialiased\; font-size: 
 18px\; line-height: 28px\; caret-color: rgb(27\, 27\, 27)\; color: rgb(27\
 , 27\, 27)\; -webkit-text-size-adjust: 100%\;">He is a member of the Inter
 national Advisory Council of Global Americans\, the Venezuela Solutions Gr
 oup of the Atlantic Council\, and the Education Advisory Board of the Asso
 ciation of International Energy Negotiators.&nbsp\;</p>\n\n<p style="box-s
 izing: border-box\; transition: 0ms\; margin: 0px 0px 1.25rem\; padding: 0
 px\; border: 0px\; outline: 0px\; vertical-align: baseline\; background-im
 age: none\; background-position: 0% 0%\; background-size: auto\; backgroun
 d-repeat: repeat\; background-attachment: scroll\; background-origin: padd
 ing-box\; background-clip: border-box\; font-family: &quot\;Soehne Bush&qu
 ot\;\, Arial\, sans-serif\; -webkit-font-smoothing: antialiased\; font-siz
 e: 18px\; line-height: 28px\; caret-color: rgb(27\, 27\, 27)\; color: rgb(
 27\, 27\, 27)\; -webkit-text-size-adjust: 100%\;">Monaldi was previously a
  visiting professor at the School of Government at the Tecnol&oacute\;gico
  de Monterrey in M&eacute\;xico\; an adjunct senior research scholar at th
 e School of International and Public Affairs at Columbia University\; a vi
 siting professor of energy policy at the Harvard Kennedy School of Governm
 ent\; an associate of the Geopolitics of Energy Project and the Roy Family
  Fellow of the Environment and Natural Resources Program at the Belfer Cen
 ter for Science and International Affairs\; the Robert F. Kennedy Visiting
  Professor in Latin American Studies at Harvard University\; an adjunct pr
 ofessor of international energy policy at the Fletcher School of Law and D
 iplomacy at Tufts University\; a visiting professor of political economy a
 t Stanford University\; a national fellow at the Hoover Institution\; and 
 a researcher and lecturer in political economy at Universidad Cat&oacute\;
 lica Andr&eacute\;s Bello in Caracas. He has also been a visiting lecturer
  at the Graduate Institute in Geneva\, the Universidad de los Andes in Bog
 ot&aacute\;\, and the Universidad ESAN in Lima.</p>\n\n<p style="box-sizin
 g: border-box\; transition: 0ms\; margin: 0px 0px 1.25rem\; padding: 0px\;
  border: 0px\; outline: 0px\; vertical-align: baseline\; background-image:
  none\; background-position: 0% 0%\; background-size: auto\; background-re
 peat: repeat\; background-attachment: scroll\; background-origin: padding-
 box\; background-clip: border-box\; font-family: &quot\;Soehne Bush&quot\;
 \, Arial\, sans-serif\; -webkit-font-smoothing: antialiased\; font-size: 1
 8px\; line-height: 28px\; caret-color: rgb(27\, 27\, 27)\; color: rgb(27\,
  27\, 27)\; -webkit-text-size-adjust: 100%\;">Monaldi is a leading scholar
  on the politics and economics of energy and resource policy in Latin Amer
 ica. He also studies institutions and resource wealth management in develo
 ping countries. He has consulted with numerous international institutions\
 , governments and companies &mdash\; including the International Monetary 
 Fund\, World Bank\, Inter-American Development Bank\, CAF Development Bank
  of Latin America\, Saudi Aramco\, Ecopetrol\, PDVSA\, PEMEX\, Chevron\, E
 xxonMobil\, Shell\, Total Energies\, Equinor\, JP Morgan\, Barclays\, Natu
 ral Resource Governance Institute\, Harvard Center for International Devel
 opment\, S&amp\;P\, Rystad\, Wood Mackenzie\, Eurasia Group\, Medley Advis
 ors\, and the governments of Norway\, the U.K.\, the U.S.\, Argentina\, Co
 lombia\, Ecuador\, Mexico\, Venezuela\, Saudi Arabia\, and Kazakhstan.</p>
 \n\n<p style="box-sizing: border-box\; transition: 0ms\; margin: 0px 0px 1
 .25rem\; padding: 0px\; border: 0px\; outline: 0px\; vertical-align: basel
 ine\; background-image: none\; background-position: 0% 0%\; background-siz
 e: auto\; background-repeat: repeat\; background-attachment: scroll\; back
 ground-origin: padding-box\; background-clip: border-box\; font-family: &q
 uot\;Soehne Bush&quot\;\, Arial\, sans-serif\; -webkit-font-smoothing: ant
 ialiased\; font-size: 18px\; line-height: 28px\; caret-color: rgb(27\, 27\
 , 27)\; color: rgb(27\, 27\, 27)\; -webkit-text-size-adjust: 100%\;">Monal
 di has authored and coauthored numerous academic publications\, including 
 &ldquo\;Shale Renders the Obsolescing Bargain Obsolete: Political Risk and
  Foreign Investment in Argentina&rsquo\;s Vaca Muerta&rdquo\; (Resources P
 olicy\, 2021)\; &ldquo\;The Cyclical Phenomenon of Resource Nationalism in
  Latin America&rdquo\; in the Oxford Research Encyclopedia (Oxford Univers
 ity Press\, 2020)\; &ldquo\;The Political Economy of Oil Taxation in Latin
  America&rdquo\; in &ldquo\;The Political Economy of Taxation in Latin Ame
 rica\,&rdquo\; G. Flores-Macias\, ed. (Cambridge University Press\, 2019)\
 ; &ldquo\;Institutional Collapse&rdquo\; in &ldquo\;Venezuela Before Chave
 z: Anatomy of an Economic Collapse\,&rdquo\; R. Hausmann and F. Rodriguez\
 , eds. (Penn State University Press\, 2014)\; &ldquo\;Oil Fueled Centralis
 m\,&rdquo\; in &ldquo\;Oil and Gas in Federal Systems\,&rdquo\; G. Anderso
 n\, ed. (Oxford University Press\, 2012)\; and &ldquo\;The Political Econo
 my of Oil Contract Renegotiation in Venezuela\,&rdquo\; in &ldquo\;The Nat
 ural Resources Trap: Private Investment without Public Commitment\,&rdquo\
 ; W. Hogan and F. Struzenegger\, eds. (MIT Press\, 2010).</p>\n\n<p style=
 "box-sizing: border-box\; transition: 0ms\; margin: 0px 0px 1.25rem\; padd
 ing: 0px\; border: 0px\; outline: 0px\; vertical-align: baseline\; backgro
 und-image: none\; background-position: 0% 0%\; background-size: auto\; bac
 kground-repeat: repeat\; background-attachment: scroll\; background-origin
 : padding-box\; background-clip: border-box\; font-family: &quot\;Soehne B
 ush&quot\;\, Arial\, sans-serif\; -webkit-font-smoothing: antialiased\; fo
 nt-size: 18px\; line-height: 28px\; caret-color: rgb(27\, 27\, 27)\; color
 : rgb(27\, 27\, 27)\; -webkit-text-size-adjust: 100%\;">He holds a Ph.D. a
 nd an M.A. in political science (political economy) from Stanford Universi
 ty\, an M.A. in international and development economics from Yale Universi
 ty\, and a B.A. in economics from Universidad Cat&oacute\;lica Andr&eacute
 \;s Bello.</p>\n
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