Who owns the ocean?

Who owns the ocean?

1. America, Canada, Russia and Norway are all fighting against each other to get to the Arctic to get to all of the minerals that are under the ice. The government said "The area around that country is owned by that country, if it is not next to any country, then that part belongs to who ever gets there first and clams it first." I think that that is a very fair law for the government to put up.

2. Only wealthy industrial nations will be able to afford the cost of mining on land and off of land. These industrial countries think that if they spend the money on mining, that they should get all of the profit. But nations that are landlocked and developing nations that lack money and technology, disagree with their opinion. They think that they should have a fair share of the profit because they are in need of more natural resources than others and landlocked nations can’t get to the sea to get the resources that they need so they need to buy them from someone else. The reason that they are saying that they disagree with the wealthy countries is because the land locked countries are running out of resources. "By 2003, 157 nations signed the Law of the Sea treaty. This treaty said that ocean mineral deposits are the common property of all people. It also said that mining profits must be shared among all nations." By that time the nations that were landlocked and the nations that had a lack of money and technology were very happy that they were going to start getting there fair share of resources again. I think that I could probably reassure the developing nations that they will not be left out by giving them enough resources until they are wealthy enough to take care of themselves and get the resources on their own. They will also have enough money to start mining on land and off land.

3. Pacific ocean: I think that Japan, New Zealand, Australia, Canada, and South America should all share the profit from the Pacific ocean. The pacific ocean is a very vast body of water that contains many minerals, oil, and natural resources that we use in our everyday life.

Atlantic ocean: I think that south Africa, some of north Africa, south America, and some of north America should all share the profit from the Pacific ocean. The reason i didn't put Russia, Norway and Canada in there is because they are all fighting for the Arctic ocean witch i will talk to you down below.

Arctic ocean: America, Canada, Russia and Norway are all fighting against each other to get to the Arctic to get to all of the minerals that are under the ice. Under the ice there is supposed be a large amount of oil and other natural recourses that we also use in everyday life. That is why all of the country's are fighting for the oceans were the most minerals, crystals, oil and natural recourses are. Thees are the most valuable oceans: The Atlantic, Arctic and the Pacific oceans.