John Negroponte argues that ratification of UNCLOS is "simply the right thing to do, to support America’s national interests, and to lay an effective foundation for the use and protection of the world’s oceans for generations to come."
The authors argue that the United Nations Convention on the Law of the Sea "is likely to have unintended negative consequences for U.S. interests" and that "[n]othing has occurred since 2004 that should lead the Senate to reverse its earlier decision to decline to take up the treaty."
The author discusses the opportunities the offshore oil and gas industry has to break boundaries provided by "Exclusive Economic Zones" off the coasts of all our nations and take exploration beyond the traditional 200-mile limit. The means by which this can and will be accomplished is the 1982 United Nations Convention on the Law of the Sea (LOS).
The author argues that the U.S. should ratify the Law of the Sea agreement, finding that " the mini-debate over the
last month about the Law of the Sea treaty reflects a generalized concern about multilateral organizations far more than specific concerns about this agreement."
The author criticizes efforts to bring the Law of the Sea up for vote finding that the treaty is based in "an assumption that the free-market system is selfish; that capitalism benefits only capitalists and cannot be controlled to make it benefit society in general."