Obama’s Support of LOST Treaty Would Give UN Power Over US Waters & Redistributes Oil Revenue

New post on Scotty Starnes's Blog Obama's Support of LOST Treaty Would Give UN Power Over US Waters & Redistributes Oil Revenue by Scotty Starnes Nothing shocking here. Obama went to the UN to bomb Libya instead of Congress. He is, after all, the most anti-US energy President in history. From IBD: Sovereignty: Even if he's not re-elected, the president hopes to leave behind a treaty giving a U.N. body veto power over the use of our territorial waters and to which we'd be required to give half of our offshore oil revenue. The Law Of The Sea Treaty (LOST) has been lurking in the shadows for decades. Like the Kyoto Protocol that pretended to be an effort to save the earth from the poisoned fruit of the Industrial Revolution, LOST pretends to be an effort to protect the world's oceans from environmental damage and remove it as a cause of potential conflicts between nations. Like its Kyoto cousin, LOST is an attempt at the global redistribution of power and wealth, the embodiment of the progressive dream of the end of the nation state as we know it and the end of political freedom by giving veto over all of mankind's activities to a global body — in this case something called the International Seabed Authority, located in Kingston, Jamaica. The ISA would have the power to regulate 70% of the earth's surface, placing seabed mining, fishing rights, deep-sea oil exploration and even the activities of the U.S. Navy under control of a global bureaucracy. It even provides for a global tax that would be paid directly to the ISA by companies seeking to develop the resources in and under the world's oceans. As Heritage Foundation senior fellow Peter Brookes notes, the U.S. government now can collect royalty revenues from oil and gas companies that wish to drill on our extended continental shelf — the undersea areas beyond 200 miles of our coast. But if we ratify LOST, we'd have to fork over as much as 7% of that revenue to the ISA for redistribution to poorer, landlocked countries. Continue reading>>> Scotty Starnes | May 9, 2012 at 1:30 PM | Tags: global redistribution, LOST treaty, President Obama, territorial waters, UN | Categories: Political Issues | URL: http://wp.me/pvnFC-718 Comment    See all comments Unsubscribe or change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://scottystarnes.wordpress.com/2012/05/09/obamas-support-of-lost-treaty-would-give-un-power-over-us-waters-redistributes-oil-revenue/ Thanks for flying with WordPress.com

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