Re: SeaQuest 2003!!! Boston Globe

From: Dehede011@aol.com
Date: Sun May 11 2003 - 18:34:48 MDT

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    In a message dated 5/11/2003 6:56:52 PM Central Standard Time,
    Spudboy100@aol.com writes: The key legal document in the seabed rush is from
    a 1982 UN convention that gave more than 150 coastal nations jurisdiction
    over the resources from the ocean floor to the sea's surface 200 nautical
    miles from their shore.

    Spudboy,
           Could someone help me with this. In the real late 50s and the 60s the
    engineering magazines used to run many stories about developmental and
    exploratory work being done to develop deep sea mining. According to the
    magazines there was ready access to metals on the ocean floor but we had to
    develop the techniques for harvesting the metals.
           One day I noticed that interest had dried up. I asked around and was
    told that it was the UN Treaty that had killed the interest. If companies
    had to divvy up with the UN and all the nations of the world they weren't
    interested -- there wasn't enough profit to share with everyone.
           Does anyone know the full story?
    Ron h.



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