- This treaty sets a dangerous precedent in sharing the wealth among nations. The US treasury would have to distribute dollars to an international bureaucracy that would transfer the wealth to developing nations. You could apply the same rules in this treaty to a number of other areas … such as space exploration profits or agriculture … in that many nations do not have a ready supply of arable land … and thus it would be fair for those who do to share their good fortune.
- The treaty was first drafted in 1982 … and we have been following it since then by executive order. We do not need to ratify it in order to explore our continental shelf.
- The treat was modified in 1994. But the original treaty did not permit any modifications. Some nations signed and ratified the 1982 version; some the 1994 version. It is not clear to most experts what would happen if the US ratified the 1994 version.
Michael M. Dunn
Air Force Association