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Law of Sea Treaty Should Stay Submerged

Recorded on May 23, 2012

From The Heritage Foundation, I'm Ernest Istook.

Another ocean relic is being dredged up from the depths. They call it the Law of the Sea Treaty, and if the U.S. Senate ratifies it, the treaty would give enormous undersea treasure to a U.N.-style international group.

All mineral royalties more than 200 miles offshore—including oil and gas—would go to the International Seabed Authority. In typical U.N. Style, the USA would get one vote—but so would 159 other nations.

This group could levy taxes involving the high seas. Suddenly the fondest dream of one-worlders would come true. An international body would control one of Earth's richest resources, gaining billions of dollars to spend. And third-world countries—not exactly know as democracies—would be in charge.

Ronald Reagan rejected The Law of the Sea Treaty thirty years ago. Now Obama wants it, so it's up to Senators to stand up and say, “No!”

From The Heritage Foundation, I'm Ernest Istook.