Francisco Monaldi

Francisco Monaldi, Director of the Latin American Energy Program at Rice University, delves into the escalating tensions between the U.S. and Venezuela centering on oil. He explains the significance of the recent U.S. seizure of a Venezuelan tanker and how it signals potential blockade strategies. Monaldi discusses the historical relationship between the U.S. and Venezuelan oil, highlighting production issues caused by mismanagement. He also frames U.S. sanctions as part of a broader strategy to pressure Maduro’s regime while minimizing American costs.

Francisco Monaldi, experto en política y economía energética y director del Programa de Energía para América Latina en la Universidad Rice. Habla sobre la historia petrolera venezolana y cómo moldeó sociedad y expectativas. Examina el colapso de la industria, el costo y condiciones para su recuperación. Analiza riesgos logísticos, seguridad, la influencia de Estados Unidos y las necesidades institucionales para que las inversiones funcionen.

Francisco Monaldi, Director of the Latin American Energy Program at Rice University, delves into the complexities of reviving Venezuela’s oil industry, a plan that could cost over $100 billion. He highlights the daunting challenges, from years of neglect to the need for an investment of about $10 billion annually. Monaldi discusses the implications for U.S. energy security, the role of China and Russia, and the necessary conditions for companies to invest. He emphasizes that success hinges on Venezuela's political transition and its potential effect on global oil markets.

Francisco Monaldi, oil expert at Rice University, explains oil revenue flows, investment gaps, and legal uncertainty. Laura Dib, WOLA Venezuela director and human rights advocate, highlights enduring humanitarian needs and weakened institutions. They discuss opaque fund controls, corruption, the $100 billion investment shortfall, contract risk, and why ordinary Venezuelans have yet to see change.

Phil Gunson, a Senior Analyst for the Andes region at the International Crisis Group, Francisco Monaldi, a Latin American energy expert, and Cindy Arnson, a political economy specialist, dive into the tumultuous aftermath of the Trump administration's intervention in Venezuela. They explore the political implications of Maduro's removal, the fractured Venezuelan economy, and the role of Delcy Rodríguez as interim leader. The guests also discuss Cuba's dependency on Venezuelan oil, the complexities of U.S. engagement, and the obstacles to achieving a stable governance transition.