"The Law of the Sea Treaty, or, appropriately enough, LOST, would effectively turn control of seven-tenths of the earth's surface to the United Nations. Ratifying LOST would empower the U.N. to collect royalties on seabed mining and regulate exploration and commercial development anywhere in any of the world's oceans."
 
"As Dr. Rice noted, the U.S. already has the largest coastline and economic zone. Ceding it to U.N. control won't make it bigger. It will only make it taxable."
 
FULL STORY at http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=43338