The Belfer Center for Science and International Affairs will host a Director's Lunch with Dr. Francisco Monaldi, Robert F. Kennedy Visiting Professor, Harvard Kennedy School, in the Belfer Center Library (L369).

Venezuela has the largest unconventional oil reserves in the world and very low geological risks. Paradoxically, it has a declining oil industry, despite being in the middle of the most significant resource windfall in history. The recently deceased Hugo Chavez squeezed the oil sector to its last drop and left an economy on shambles. What will the post-Chavez era mean for the country’s politics and its faltering oil industry? Some perspectives on a gloomy and uncertain future.

Francisco J. Monaldi is a Robert F. Kennedy Visiting Professor at the Harvard Kennedy School. Dr. Monaldi is Full Professor at the Instituto de Estudios Superiores de Administración (IESA) in Caracas, Venezuela. He is the founder and Director of IESA’s Center on Energy and the Environment. He is lead oil advisor to Henrique Capriles, Venezuela’s opposition presidential candidate. He is Professor of Political Economy at Andres Bello Catholic University (UCAB) in Caracas and Visiting Lecturer at Uniandes in Bogotá and ESAN in Lima. In 2008-2009, he was Visiting Professor at Stanford University and National Fellow at the Hoover Institution. He has consulted to numerous international institutions and companies, including: World Bank, Inter-American Development Bank, CAF, PDVSA, Shell, Total, Statoil, IHS-CERA, Revenue Watch Institute, and Eurasia Group.

He is in the board of directors of several leading Venezuelan companies and institutions, including Mercantil, the largest Venezuelan financial group. He has numerous academic publications, recently including: Institutional Collapse: The Rise and Breakdown of Governance in Venezuela, in Hausmann, R. and F. Rodriguez, eds. (2013); Venezuela Before Chávez, Penn State University Press; Oil Fueled Centralism in Venezuela, in Anderson, G. ed. (2012); Oil and Gas in Federal Systems, Oxford University Press; and The Political Economy of Oil Contract Renegotiation in Venezuela, in Hogan, W. and F. Struzenegger; eds. (2010); The Natural Resources Trap, MIT Press.

He holds a Ph.D. in Political Science (Political Economy) from Stanford University, a Master in Development Economics from Yale University, and a B.A. in Economics from UCAB. He is currently at Harvard University as RFK Visiting Professor at the Harvard Kennedy School, where he is teaching a graduate course on the political economy of oil and doing research on national oil companies in Latin America.

As space is limited for this event, RSVPs will be accepted on a first come, first served basis. Belfer Center Lunches are strictly off-the-record. By requesting to attend the Lunch, you agree that you will comply with the Belfer Center's strict policy against recording or disclosing the contents of the seminar. Your access is conditioned on your compliance with these restrictions. Should you violate these rules, the Center will pursue all available legal options and you will be excluded from all future events.