http://blog.psaonline.org/2007/10/10/the-lost-attack-on-entrepreneurship/ Wed, 08 Feb 2012 08:45:45 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://blog.psaonline.org/2007/10/10/the-lost-attack-on-entrepreneurship/comment-page-1/#comment-373655 peter sterling Fri, 12 Oct 2007 00:55:32 +0000 http://blog.psaonline.org/2007/10/10/the-lost-attack-on-entrepreneurship/#comment-373655 LOST Negraponte and his socialist friends should be sacked for attempting to give away so much in return for nothing. The high seas has been seen from time immemoriable as belonging to no country or individual but open to those willing to take the risk and invest the labor necessary to derive benefit from the abundant resources the seas contain. ISA was set up to control development of the worlds undersea minerals resources within international waters. It has been a complete failure to date. The Seabed authority is in disarray having come under relentless attack for not protecting the rights of humanity from encroachments like that planned in the Arctic Commons by Russia. There are increasing calls for the disbandment of the seabed authority in its current form so as to allow private enterprise to take over the oceans minerals development. Free enterprise is responsible for all the worlds shipping, cruise lines and fishing which moves 95% of the world’s products and feeds millions of people. The UN has no business interfering there. ISA treaty should be abrogated as it is without customary legal foundation and plainly wrong. As a non signing state party to the convention the US is not currently bound by any of LOST's absurd rules, and so it should remain. The carrot of US access to the estimted 400 billion barrels of arctic oil and gas being dangled in front of the senate is completely bogus. Article 76 of the law also allows countries to extend their submarine claims beyond the 200-mile limit only if they can provide solid scientific evidence that the continental shelf under their territory extends beneath the ocean beyond 200 miles. If the US signs LOST it will not gain any of the arctic oil as LOST rules preclude any claim extension beyond the Alaska 200 mile zone as the US continental shelf only extends an average of 50-100 miles from shore. A US company (see; www.unoilgas.com )made a solid hydrocarbons rights claim to the Arctic Oceans Commons under customary international law on May 9th 2006. This claim gives the US priority over developing the Arctic oil and gas resources with or without LOST. LOST
Negraponte and his socialist friends should be sacked for attempting to give away so much in return for nothing.
The high seas has been seen from time immemoriable as belonging to no country or individual but open to those willing to take the risk and invest the labor necessary to derive benefit from the abundant resources the seas contain.
ISA was set up to control development of the worlds undersea minerals resources within international waters. It has been a complete failure to date.
The Seabed authority is in disarray having come under relentless attack for not protecting the rights of humanity from encroachments like that planned in the Arctic Commons by Russia.
There are increasing calls for the disbandment of the seabed authority in its current form so as to allow private enterprise to take over the oceans minerals development.
Free enterprise is responsible for all the worlds shipping, cruise lines and fishing which moves 95% of the world’s products and feeds millions of people. The UN has no business interfering there.
ISA treaty should be abrogated as it is without customary legal foundation and plainly wrong.
As a non signing state party to the convention the US is not currently bound by any of LOST’s absurd rules, and so it should remain.
The carrot of US access to the estimted 400 billion barrels of arctic oil and gas being dangled in front of the senate is completely bogus. Article 76 of the law also allows countries to extend their submarine claims beyond the 200-mile limit only if they can provide solid scientific evidence that the continental shelf under their territory extends beneath the ocean beyond 200 miles. If the US signs LOST it will not gain any of the arctic oil as LOST rules preclude any claim extension beyond the Alaska 200 mile zone as the US continental shelf only extends an average of 50-100 miles from shore.
A US company (see; http://www.unoilgas.com )made a solid hydrocarbons rights claim to the Arctic Oceans Commons under customary international law on May 9th 2006. This claim gives the US priority over developing the Arctic oil and gas resources with or without LOST.

]]> http://blog.psaonline.org/2007/10/10/the-lost-attack-on-entrepreneurship/comment-page-1/#comment-372662 Debating the Law of the Sea Treaty | freedomactivists.net Thu, 11 Oct 2007 13:52:26 +0000 http://blog.psaonline.org/2007/10/10/the-lost-attack-on-entrepreneurship/#comment-372662 [...] Doug Bandow, who wrote a paper for Cato on the subject two years ago, makes a strong case for why the Senate should reject the treaty and continue with the status quo. He squares off this week against Raj Purohit of Citizens for Global Solutions in an online debate at the Partnership for a Secure America. [...] [...] Doug Bandow, who wrote a paper for Cato on the subject two years ago, makes a strong case for why the Senate should reject the treaty and continue with the status quo. He squares off this week against Raj Purohit of Citizens for Global Solutions in an online debate at the Partnership for a Secure America. [...]

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