Steven Groves of the Heritage Foundation passes along this useful review of the effect of
UNCLOS ratification on U.S. development of its extended continental shelf. It argues that if the U.S. joins
UNCLOS, it could be obligated to turn over as much as 7 percent of royalty revenue derived from development of its extended continental shelf to the International Seabed Authority created by
UNCLOS. I think this is a good point and offers a real and practical critique of the consequences of joining
UNCLOS. On the other hand, I think...