challenge for the lefties to re-write their comments of last week laughing at the ineptness of the Government that now leads the way and is in tune with their interventionist thinking!
However, before getting too carried away it is important to remember that China has not reported the Libyan crisis and does not discuss the real issue in the media. From the Chinese media you would be hard pressed to tell the difference between what has happened in Christchurch and what is happening in Ras Lanuf.
All this means that there is no chance of the UN agreeing intervention in Libya and no chance of a No Fly zone. Russia is likely to back China too as Russia sells $4 billion of military equipment to Qaddafi each year.
It is a shame for the world that Totalitarian states still are able to outweigh the power of democracies, but also it means the a big chance of a drawn out conflict in Libya which will depress markets and keep the oil price high which slows global growth and development for billions of people.
(It also menas Nick Drew's policy of investing in Gold and Silver is now thoroughly pasting CU's small cap oil and resources plays - but he ho!)