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1) Under LOST, the UN agency titled Seabed Authority will take control of nearly 70% of all the earth’s surface and natural resources.

http://www.exorthodoxforchrist.com/hidden_agenda_of_law_of_the_sea_treaty_(lost).htm

http://www.house.gov/paul/tst/tst2004/tst040504.htm

Take a look at who opposes LOST.
http://www.thelibertycommittee.org/lost.htm
http://www.newsmax.com/archives/articles/2004/4/22/170426.shtml

Lugar tried sneaking this in, this site is his site.
Rice Endorsement

The ISA could impose international taxes. If you don't like the idea of international bureaucrats levying taxes without your say-so, too bad. Your congressman or senator wouldn't have anything to say about it. World government advocates have been dreaming of this for years.

Law of Sea Treaty must be stopped

I can't find the resoultion Ron Paul brought up for a vote to get rid of LOST and was voted down by our fearless leaders. I have it somewhere.

[Paul Ross]

I didn't see Ron Paul's Resolution either, yet. But I did note this public brou-ha-ha:

Conservatives denounce GOP support of Treaty.

Ron Paul managed to create enough furor over it, that he forced Frist's hand to shuffle it into other committees...where it received a much more critical assessment than Richard Lugar's stacked panel steam-rolling it.

[Ben Ficklin]

Links to all testimony given to the House and Senate Committees on LOST

CRS Issue Brief on LOST

A good explanation on the significance of the continental shelf issue