Leonardo Maugeri
Encyclopedia
One of the world’s foremost experts on oil, gas, and energy, Leonardo Maugeri has been one of the most distinguished top managers of eni
(the giant Italian giant oil&gas, ranked nr. 6 among the largest international oil companies), where he held the positions of Senior Executive Vice President of Strategies and Development for about ten years (2000-2010), and eventually Executive Chairman of Polimeri Europa, Eni’s petrochemical branch (March 2010-June 2011). Maugeri is also well-recognized worldwide for his books and seminal articles about energy, as well as for his part-time activity as a lecturer in some of the most prestigious universities and think-tanks.
On August 31th, 2011, he left eni
for a sabbatical period.
He is currently a Senior Fellow at Harvard University, John Kennedy School, Belfer Center for Science and International Affairs.
Born in Florence, Italy, in 1964, Mr. Maugeri holds two degrees (Political Science and Economics) and a Ph.D. in international economics. During his Ph.D. research, he specialized in energy economics in Great Britain and the United States, where he lived and worked as an energy financial analyst for two years.
He joined eni
in 1994, and served as assistant to the Chief Executive Officer from 1995 to 1998. From 1999 to 2000 he was responsible for Strategic Studies and International Relations,holding at the same time the position of Chief Economist of the company.
In 2000, at the age of 36, he was appointed as head of Strategies and Development, becoming the youngest Director (and Senior Vice President) of eni
in 30 years. His portfolio encompassed planning and control, strategic development, chief economist, competitive intelligence, international and public affairs.
In his rapid and distinguished career at eni
, he was a key in several moments of the company’s life. In particular, he was one of the key architects of the strategy of aggressive growth of eni
launched in 1999. In particular, he prepared for the then CEO the Master Plan on which eni
based its new strategy – the reason why he was eventually appointed Senior Executive Vice President (Director) of Strategies and Development in 2000. Thanks to that strategy, eni
production of oil&gas increased by 60% in just five years.
In 2006, his portfolio increased with the responsibility of Research and Technological Innovation. This new duty allowed Maugeri to be the main architect of the new policy of R&D launched by eni
in 2006, which opened up the company’s entry into renewable energy. In this framework, Maugeri promoted the strategic alliance between Eni and the Massachusetts Institute of Technology
(MIT) in 2008, which – among other outcomes - led to the establishment of the Eni-MIT Solar Frontiers Center in 2010.
Maugeri was also responsible for the relaunch of the prestigious “Donegani Institute” – Eni’smain research laboratory of Eni, a forerunner of chemistry innovation in Europe. Under Maugeri’s leadership, the Institute changed its mission and became Eni’s leading center for R&D on the new frontiers of energy technology innovation.
In March 2010, Maugeri was then appointed Chairman of Polimeri Europa, eni
’s petrochemical branch, with the main task to dramatically renew its strategy after two years (2008 and 2009) of huge losses (overall, around 900 billion euro). Since April 2010, the company started to recover and in the third quarter it registered o positive operating and net profit. At the same time, he devised a new and revolutionary strategy for the company, which was presented to and approved by the Eni Board on October 28, 2010.
As a leading author on energy, he was among the few who warned about a probable crash of oil prices after the sky-high levels achieved in 2008. He has publishedfour books on energy, among them the “The Age of Oil: the Mythology, History, and Future of the World’s Most Controversial Resource” (Praeger, 2006), which earned the Choice Price in the U.S. in 2007 and was translated into 11 languages. His latest book – “Beyond the Age of Oil: The Myths and Realities of Fossil Fuels and Their Alternatives” was published in the U.S. in March 2010 (so far, it has been translated into six languages).
Mr. Maugeri has also written several articles which appeared in Foreign Affairs
, Science, Newsweek International, The Wall Street Journal
, Forbes
, the Oil & Gas Journal and Scientific American
.
Mr. Maugeri has been a Visiting Scholar of the Massachusetts Institute of Technology (MIT, 2009-2010), and amember of MIT’s External Energy Advisory Board. He also serves as an International Councilor of the Center for Strategic and International Studies (Washington, D.C.), asa member of the Global Energy Advisory Board of Accenture, and he is a senior fellow of the Foreign Policy Association (New York).
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
(the giant Italian giant oil&gas, ranked nr. 6 among the largest international oil companies), where he held the positions of Senior Executive Vice President of Strategies and Development for about ten years (2000-2010), and eventually Executive Chairman of Polimeri Europa, Eni’s petrochemical branch (March 2010-June 2011). Maugeri is also well-recognized worldwide for his books and seminal articles about energy, as well as for his part-time activity as a lecturer in some of the most prestigious universities and think-tanks.
On August 31th, 2011, he left eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
for a sabbatical period.
He is currently a Senior Fellow at Harvard University, John Kennedy School, Belfer Center for Science and International Affairs.
Born in Florence, Italy, in 1964, Mr. Maugeri holds two degrees (Political Science and Economics) and a Ph.D. in international economics. During his Ph.D. research, he specialized in energy economics in Great Britain and the United States, where he lived and worked as an energy financial analyst for two years.
He joined eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
in 1994, and served as assistant to the Chief Executive Officer from 1995 to 1998. From 1999 to 2000 he was responsible for Strategic Studies and International Relations,holding at the same time the position of Chief Economist of the company.
In 2000, at the age of 36, he was appointed as head of Strategies and Development, becoming the youngest Director (and Senior Vice President) of eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
in 30 years. His portfolio encompassed planning and control, strategic development, chief economist, competitive intelligence, international and public affairs.
In his rapid and distinguished career at eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
, he was a key in several moments of the company’s life. In particular, he was one of the key architects of the strategy of aggressive growth of eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
launched in 1999. In particular, he prepared for the then CEO the Master Plan on which eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
based its new strategy – the reason why he was eventually appointed Senior Executive Vice President (Director) of Strategies and Development in 2000. Thanks to that strategy, eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
production of oil&gas increased by 60% in just five years.
In 2006, his portfolio increased with the responsibility of Research and Technological Innovation. This new duty allowed Maugeri to be the main architect of the new policy of R&D launched by eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
in 2006, which opened up the company’s entry into renewable energy. In this framework, Maugeri promoted the strategic alliance between Eni and the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
(MIT) in 2008, which – among other outcomes - led to the establishment of the Eni-MIT Solar Frontiers Center in 2010.
Maugeri was also responsible for the relaunch of the prestigious “Donegani Institute” – Eni’smain research laboratory of Eni, a forerunner of chemistry innovation in Europe. Under Maugeri’s leadership, the Institute changed its mission and became Eni’s leading center for R&D on the new frontiers of energy technology innovation.
In March 2010, Maugeri was then appointed Chairman of Polimeri Europa, eni
Eni
Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...
’s petrochemical branch, with the main task to dramatically renew its strategy after two years (2008 and 2009) of huge losses (overall, around 900 billion euro). Since April 2010, the company started to recover and in the third quarter it registered o positive operating and net profit. At the same time, he devised a new and revolutionary strategy for the company, which was presented to and approved by the Eni Board on October 28, 2010.
As a leading author on energy, he was among the few who warned about a probable crash of oil prices after the sky-high levels achieved in 2008. He has publishedfour books on energy, among them the “The Age of Oil: the Mythology, History, and Future of the World’s Most Controversial Resource” (Praeger, 2006), which earned the Choice Price in the U.S. in 2007 and was translated into 11 languages. His latest book – “Beyond the Age of Oil: The Myths and Realities of Fossil Fuels and Their Alternatives” was published in the U.S. in March 2010 (so far, it has been translated into six languages).
Mr. Maugeri has also written several articles which appeared in Foreign Affairs
Foreign Affairs
Foreign Affairs is an American magazine and website on international relations and U.S. foreign policy published since 1922 by the Council on Foreign Relations six times annually...
, Science, Newsweek International, The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, the Oil & Gas Journal and Scientific American
Scientific American
Scientific American is a popular science magazine. It is notable for its long history of presenting science monthly to an educated but not necessarily scientific public, through its careful attention to the clarity of its text as well as the quality of its specially commissioned color graphics...
.
Mr. Maugeri has been a Visiting Scholar of the Massachusetts Institute of Technology (MIT, 2009-2010), and amember of MIT’s External Energy Advisory Board. He also serves as an International Councilor of the Center for Strategic and International Studies (Washington, D.C.), asa member of the Global Energy Advisory Board of Accenture, and he is a senior fellow of the Foreign Policy Association (New York).
Books (in english)
- The Age of Oil: The Mythology, History, and Future of the World's Most Controversial Resource. USA, Praeger Publishers, June 2006.
- Beyond the Age of Oil: The Myths, Realities, and Future of Fossil Fuels and Their Alternatives.(US) Preager, February 2010.
Selected Articles and Brief Essays (in english 2003-2009)
- Peak Oil ? Not This Century (The Daily Telegraph, November 10, 2009)
- The Crude Truth About Oil Reserves (The Wall Street Journal Europe, November 5, 2009)http://online.wsj.com/article/SB10001424052748704107204574470700973579402.html#articleTabs%3Darticle
- Squeezing More Oil From the Ground (Scientific American, October 2009)http://www.scientificamerican.com/article.cfm?id=squeezing-more-oil-edit-this
- Understanding oil Price Behaviour Through the Anatomy of a Crisis (The Review of Environmental Economics and Policy, Summer 2009)http://reep.oxfordjournals.org/cgi/content/abstract/3/2/147?maxtoshow=&HITS=10&hits=10&RESULTFORMAT=&fulltext=maugeri&searchid=1&FIRSTINDEX=0&resourcetype=HWCIT
- What Lies Beneath ? (Newsweek Intl. Special Edition, December 2006-February 2007)
- That Falling Feeling (Newsweek Intl., October 9, 2006)
- Oil, Oil Everywhere (Forbes, July 24, 2006)http://www.forbes.com/forbes/2006/0724/042.html
- Two Cheers For Expensive Oil (Foreign Affairs, March–April, 2006)http://www.foreignaffairs.com/articles/61517/leonardo-maugeri/two-cheers-for-expensive-oil
- The Saudis May Have Enough Oil (Newsweek Intl., January 23, 2006)
- The Price is Wrong (Newsweek Intl., 6 September 2004)
- The Virgin Oilfields of Iraq (Newsweek Intl., 5 July 2004)
- Oil, Never Cry Wolf: Why the Petroleum Age Is Far from Over (Science, 21–27 May 2004)http://www.sciencemag.org/cgi/content/summary/sci;304/5674/1114?maxtoshow=&HITS=10&hits=10&RESULTFORMAT=&fulltext=Maugeri&searchid=1&FIRSTINDEX=0&resourcetype=HWCIT
- The Shell Game (Newsweek Intl., 16 February 2004)
- Time to Debunk Mythical Links Between Oil and Politics (Oil & Gas Journal, 15 December 2003)
- The Fallacies of Energy Security (Energy Compass, 19 September 2003)
- Not in Oil’s Name (Foreign Affairs, July–August 2003)