I understand the Law of The Sea Treaty to grant us a 200 mile exclusive economic zone (EEZ) around our waters (includes Guam, Hawaii, P.R., etc). Outside of those waters, the seabed is governed by the treaty. Inside the zone US law governs.
what is wrong with this ?
How about the right to transit our warships over UN waters? Eventually, the UN will assert the right to control that. In addition, we have the right now to exploit mineral resources almost anywhere in the Ocean. Our technology is far advanced over other countries. We give that up entirely in doing so. Also, it lets other countries exclude our fishing boats up to 300 miles from their shores.
But most important, it gives power to the UN. It gives money to the UN. The UN is an evil organization that is directly hostile to the interests of the US. My desire is to see the UN abolished. Giving it power and money is the wrong thing to do.
After the oil-for-fraud debacle, it is hard to imagine anyone wanting to let the UN have any power or money to administer. It'll be the fish-for-fraud program.