Head's Up, Polar Bears

Well look what else just landed on the congressional plate? The U.S. is the only major industrialized nation not to sign on to the UN Law of the Seas Treaty. (Something about Reagan, and sovereignty, and stuff kept it from coming up for a Senate vote.) But this may change--because there's about to be new Arctic mapping, and this in turn means oil. There's about to be a new black gold rush, with Russia, Denmark, Canada and Norway (among others) in the race. The only way to get in it? Sign the damn treaty. We explain it here.

You want oil? Heres your oil.