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Treaty Could Bring U.S. Undersea Riches
newsmax.com ^ | September 16, 2007 8:38 PM | Chris Gonsalves

Posted on 09/16/2007 7:12:18 PM PDT by kellynla

The justification for U.S. ratification of the Law of the Sea treaty is simple: trillions of dollars of undersea mineral wealth just waiting to be exploited.

The United States stands to gain nearly 300,000 square miles of additional ocean holdings, including an estimated 400 billion barrels of untapped undersea oil and gas, experts say.

That's because the treaty allows countries to extend their claims beyond the current 200-mile limit, if they can demonstrate the continuity of their continental shelf.

The result could make the 1849 Gold Rush and the Texas oil boom seem trivial by comparison. Not surprisingly, U.S. oil and gas companies support ratification.

To gain control over those vast new expanses of ocean, however, the United States must submit extensive map information about the ocean floor and other data to international authorities for review.

U.S. scientists are already busy in the Arctic gathering the requisite data aboard the Coast Guard icebreaker Healy, which is mapping the ocean floor to support U.S. claims if the treaty is ratified.

Newsmax reached chief expedition scientist Larry Mayer aboard the Healy. Although Mayer isn't taking sides on the politics of the treaty, he speaks enthusiastically about the potential windfall.

"I will say that the seafloor beneath the oceans has tremendous potential with respect to resources," he tells Newsmax.


TOPICS: Business/Economy; Extended News; Foreign Affairs; Government
KEYWORDS: agenda21; energy; lost; oil; treaty; un
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1 posted on 09/16/2007 7:12:20 PM PDT by kellynla
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To: kellynla

oh please we can’t drill where there is oil as it is!


2 posted on 09/16/2007 7:14:11 PM PDT by pennboricua
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To: kellynla

Let’s just take it and tell the UN to piss off.


3 posted on 09/16/2007 7:14:15 PM PDT by Mad_Tom_Rackham (Elections have consequences.)
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To: thackney

ping


4 posted on 09/16/2007 7:16:39 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: pennboricua

“can’t?”

the last four letters of American spell “I can”


5 posted on 09/16/2007 7:18:53 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla

I’m buying this carp. Yep the U.N. will entice until it has the signators it wants. Then it will be free to rewrite the orginal laws by less than majority vote.

The ratification of the International Criminal Court is an excellent example. It was ratified by something like 33% of world nations signing on board. Even then it didn’t require passage by any legislatures. It was okay for the top politico in any nation to sign on, without ratification inside the nation.

Bush waited eighteen months before objecting to the ICC, and after many of our friends had already signed. Some leader. Now he’s ready make us not only subservient to a world body for laws, he’s also willing to give up rights to what we do or don’t do on the high seas. He’s already made it pefectly clear he wants our nation subservient to others on issues of security and trade.

Bush has more than lived down to everything I expected of him in 2000 when I refused to vote for him. Jimmy Carter, look out. There’s a new dufus on the block.


6 posted on 09/16/2007 7:20:04 PM PDT by DoughtyOne ((Victory will never be achieved while defining Conservatism downward, and forsaking its heritage.))
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To: kellynla
I can’t believe somebody found a silver lining in this sovereignty grabber that is called L.O.S.T.
7 posted on 09/16/2007 7:20:05 PM PDT by stylin19a (Go Bears !)
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To: kellynla

The treaty is only for big business. Screw sovergnity.
As I said in another related post. There is a UN arbitration panel to settle disputes according to the treaty.
The UN could order our warships to stay in port when we need to deploy them in an offensive or defensive posture for national security.

Do we want a biased, anti American United Nothing panel of arbitrators to hold a hearing, at their liesure, to decide if our naval action is necessary or would violate their treaty?

I say NO!


8 posted on 09/16/2007 7:20:58 PM PDT by o_zarkman44 (No Bull in 08!)
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To: DoughtyOne

I think the Bushes finally joined the elite one world government club at the UN.
There was a time the Bushes wouldn’t even let Maurice Strong
in the door, but suddenly that changed a couple years ago.


9 posted on 09/16/2007 7:31:26 PM PDT by Nathan Zachary
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To: Nathan Zachary

Our founding fathers fled from less than this to create this nation. It’s beyond comprehension that any government official of the United States would recognize an outside authority over us.

This is about as close to using the “T” word in conjunction with Bush, that I have every come. And I think he deservies it.


10 posted on 09/16/2007 7:35:09 PM PDT by DoughtyOne ((Victory will never be achieved while defining Conservatism downward, and forsaking its heritage.))
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To: Nathan Zachary

I agree with your comments.


11 posted on 09/16/2007 7:36:02 PM PDT by DoughtyOne ((Victory will never be achieved while defining Conservatism downward, and forsaking its heritage.))
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Comment #12 Removed by Moderator

To: DoughtyOne
The justification for U.S. ratification of the Law of the Sea treaty is simple: trillions of dollars of undersea mineral wealth just waiting to be exploited.

This is commonly known as selling your birthright for a pot of porridge.

The only problem is, this isn't Bush's or the Senate's birthright. It is ours.

13 posted on 09/16/2007 7:40:09 PM PDT by DoughtyOne ((Victory will never be achieved while defining Conservatism downward, and forsaking its heritage.))
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To: cripplecreek; SandRat; AuntB; Beagle8U

I am skeptical of the promises made here.


14 posted on 09/16/2007 7:42:41 PM PDT by Clintonfatigued (Illegal aliens commit crimes that Americans won't commit)
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To: stylin19a

Barnum was right.


15 posted on 09/16/2007 7:42:47 PM PDT by beelzepug ("One should never ascribe to malice that which can be adequately explained by stupidity.")
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To: kellynla; pennboricua; Mad_Tom_Rackham; DoughtyOne; stylin19a; o_zarkman44; Nathan Zachary; ...

L.O.S.T. is bad news. Here’s some fine print from an FR post from last year:
http://www.freerepublic.com/focus/f-news/1766001/posts


16 posted on 09/16/2007 7:45:48 PM PDT by ntnychik
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To: kellynla
Years ago I thought I heard that the terms of the treaty also required the countries mining in the deep sea, such as for magnesium nodules,were required to share the proceeds with poor countries that could not afford to mount deep sea mining operations. In other words, it was to share the wealth with the entire world. Does anyone know if this is in the treaty?
17 posted on 09/16/2007 7:46:54 PM PDT by LachlanMinnesota
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To: Clintonfatigued

If it sounds too good to be true....


18 posted on 09/16/2007 7:48:00 PM PDT by SandRat (Duty, Honor, Country. What else needs to be said?)
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To: kellynla

If I’m not mistaken this also provides the UN with a hefty tax base.

Please people remember it is deadly to provide the UN with an independent tax base.

when the UN gets an independent tax base then they will act more independently.

their first acts of independence will be to erode American sovereignty every day at every opportunity.

This would be as natural as breathing for the UN.

The people who will pay most dearly for this loss of sovereignty will be the American middle class.


19 posted on 09/16/2007 7:49:35 PM PDT by ckilmer
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To: ckilmer

btt


20 posted on 09/16/2007 7:55:40 PM PDT by Ciexyz
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