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Basic Problems with the UN Law of the Sea Treaty |
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The Law of the Sea Treaty, or LOST, created the International Seabed Authority (ISA), giving it total jurisdiction over all the oceans and everything in them, including the ocean floor with "all" its riches ("solid, liquid or gaseous mineral resources"), along with the power to regulate seven-tenths of the world's surface. The treaty remains highly defective, despite claims by both the Clinton and Bush Administrations that all Reagan's concerns have been "fixed." If the Senate were to ratify it, LOST would do the following:
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