Obama Supports U.N. Treaty That Redistributes Drilling Revenues
A proposed Law of the Sea Treaty (LOST), which is supported by President Obama but has not yet been ratified by Congress, will subordinate U.S. naval and drilling operations beyond 200 miles of our coast to a newly established U.N. bureaucracy. If approved, it will grant a Kingston, Jamaica-based International Seabed Authority (ISA) the power to regulate deep-sea oil exploration, seabed mining, and fishing rights.
As part of the deal, as much as 7% of U.S. government revenue that is collected from oil and gas companies operating off our coast will be forked over to ISA for redistribution to poorer, landlocked countries. This apparently is in penance for America’s audacity in perpetuating prosperity yielded by our Industrial Revolution.
The treaty was originally drafted in 1968 at the behest of Soviet bloc and Third World dictators interested in implementing a scheme to weaken U.S. power and transferring wealth from industrialized countries to the developing world. It had been co-authored by Elisabeth Mann Borgese
Given good prospects that the White House and Senate may have fewer Democrat residents after November, Senator Kerry has been working hard to speed up the approval process before moving vans arrive. Republican Senator Luger, another strong treaty supporter and career globalist, apparently didn’t want to highlight that fact during the course of his hard-fought Indiana reelection campaign. Now, with nothing more to lose following his primary defeat, he can be expected to help push for Senate ratification as early as next month.
Republican Senator Luger, another strong treaty supporter and career globalist, apparently didn’t want to highlight that fact during the course of his hard-fought Indiana reelection campaign. Now, with nothing more to lose following his primary defeat, he can be expected to help push for Senate ratification as early as next month.
Republican Senator Luger, another strong treaty supporter and career globalist, apparently didn’t want to highlight that fact during the course of his hard-fought Indiana reelection campaign. Now, with nothing more to lose following his primary defeat, he can be expected to help push for Senate ratification as early as next month.
I don’t know what “extremist party ideologues”, has to do with the discussion at hand other than give LJ an opportunity to use the term in a post. Elected representatives are elected to represent their constituents, not their personal feelings or conscience. If the good people of Indiana wanted Luger around for another term he would have won his primary.
Obama Supports U.N. Treaty That Redistributes Drilling Revenues
A proposed Law of the Sea Treaty (LOST), which is supported by President Obama but has not yet been ratified by Congress, will subordinate U.S. naval and drilling operations beyond 200 miles of our coast to a newly established U.N. bureaucracy. If approved, it will grant a Kingston, Jamaica-based International Seabed Authority (ISA) the power to regulate deep-sea oil exploration, seabed mining, and fishing rights.
As part of the deal, as much as 7% of U.S. government revenue that is collected from oil and gas companies operating off our coast will be forked over to ISA for redistribution to poorer, landlocked countries. This apparently is in penance for America’s audacity in perpetuating prosperity yielded by our Industrial Revolution.
The treaty was originally drafted in 1968 at the behest of Soviet bloc and Third World dictators interested in implementing a scheme to weaken U.S. power and transferring wealth from industrialized countries to the developing world. It had been co-authored by Elisabeth Mann Borgese
Given good prospects that the White House and Senate may have fewer Democrat residents after November, Senator Kerry has been working hard to speed up the approval process before moving vans arrive. Republican Senator Luger, another strong treaty supporter and career globalist, apparently didn’t want to highlight that fact during the course of his hard-fought Indiana reelection campaign. Now, with nothing more to lose following his primary defeat, he can be expected to help push for Senate ratification as early as next month.
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson
Interesting how when you get past the Rightie hysterics, talking-points and regurgitated fear-mongering from the usual sources, you find out what the SERIOUS people are thinking:
Influential business leaders have testified that expanding the definition of the outer continental shelf, which the treaty allows, would significantly increase the potential scope of U.S. domestic energy production. For example, American Petroleum Institute President and CEO Jack Gerard said, "It would secure an additional 4.1 million square miles (of ocean floor) under U.S. jurisdiction."
The U.S. needs to act quickly to allow American companies to compete with foreign firms, added Kerry, because "they want and need certainty in order to invest the billions of dollars required to develop the extended shelf, especially in the Arctic, where the Chinese and Russians are already laying claims."
U.S. Chamber of Commerce president and CEO Thomas Donohue testified that the benefits of ratification outweigh any criticism, as the treaty is "critical to America's global leadership." He added, "The U.S. has more than any country to gain or to lose. The treaty is not perfect. It'll be changed like all treaties are, but we had better be sitting at the table."
There is a lot more in the Denver Post today... Instead of the "[conservative] sky is falling", it turns out even the U.S. Chamber-of-Commerce wing-of-the-Republican-Party is for it...And the oil companies get another 4.1 MILLION square miles of ocean floor to drill in...
Wake me when you have some more talking points... :Snooze
Apparently another good reason to vote FOR Obama. They actually listen to business instead of RedState/FauxNews made-up "facts."
:Snooze
