Oceans Monopoly
Al Jazeera (2016)
Film Review
This documentary explains the legal process by which coastal countries claim access to valuable seabed resources outside the three-mile statutory limit set by international law.
In 1945 President Truman issued the Proclamation on the Continental Shelf, claiming all seabed resources on the US continental shelf* for the purpose deep sea oil drilling.
In 1982, the United Nations formalized the granting of seabed claims by creating the Exclusive Economic Zone (EEZ). By definition, the EEZ extends 200 miles beyond a nations coastline. This UN mandate was subsequently modified to allow coastal countries with continental shelves extending more than 200 miles to claim the entire area as national territory.
In 1997, the UN General Assembly created the UN Commission on the Limits of the Continental Shelf. The latter is a body of 21 geologists who assess geologic data countries submit to document their continental shelf boundaries.
Often the continental shelf of neighboring countries overlaps. For example Canada, Norway and Russia all claim the Arctic Ocean – believed to hold 10% of the world’s remaining oil reserves.
In the South China Sea, eight countries are fighting over $100 billion worth of resources.
*The continental shelf is an underwater landmass which extends from a continent, resulting in an area of relatively shallow water known as a shelf sea.
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The Most Revolutionary Act 