clipped from: www.townhall.com   
President Bush

has signed on to the United Nations Convention on the Law of the Sea

which transfers jurisdiction over the Atlantic, Pacific, Indian and Arctic oceans and all the oil and mineral resources they contain, to an International Seabed Authority. This second United Nations would be ceded eternal hegemony over two-thirds of the Earth. It is the greatest U.N. power grab in history and, thanks to George Bush, is about to succeed.

the sea treaty grants us no rights we do not already have in international law and tradition -- it only codifies them. It siphons off national rights, national sovereignty and national wealth, however, and empowers global bureaucrats and Third World kleptocrats whose common trait is jealousy of and hostility toward the United States.

Under LOST, if the United States wishes to mine the ocean or scoop up minerals from its floor, we would have to pay a fee and get permission from the Authority

giving

the United Nations

the power to tax nations.