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Mac Margolis

Venezuela’s Opposition Is Running on Empty

As the autocratic Nicolas Maduro entrenches himself, his democratic opponents need some pragmatic wins to recover their mojo.

Guaido needs a new playbook.

Guaido needs a new playbook.

Photographer: Yuri Cortez/AFP via Getty Images

When a Venezuelan patrol boat intercepted a Guyanese fishing trawler late last month, the third such blue-water confrontation in a matter of weeks, investors, diplomats and the government in Georgetown were understandably alarmed. Was Venezuela poised to invade its neighbor and seize a stake in the world’s newest major oil find?

Not a chance.