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Posted Tue May 27 2008: from London Daily Telegraph:
Oil crisis triggers fevered scramble for the world's seabed
"A fevered scramble for control of the world's seabed is going on - mostly in secret - at a little known office of the United Nations in New York. Bemused officials are watching with a mixture of awe and suspicion as Britain and France stake out legal claims to oil and mineral wealth as far as 350 nautical miles around each of their scattered islands across the Atlantic, Pacific, and Indian oceans... Not to be left out, Australia and New Zealand are carving up the Antarctic seas."
[Read more stories about: peak oil, toxic water]

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