http://www.bloomberg.com/news/2013-01-2 … eared.html
Some good news for all concerned...if you are or were concerned.
The study they're talking about hasn't yet been published, or even peer reviewed, so it's still awhile before we can safely say that there's no problem. (Though to be honest, two degrees C of warming is still a pretty big problem.)
It is also worth noting that the paper doesn't include ocean heat content data below 700 meters, a region that has seen significant warming in the last decade or so thanks to all the La Ninas.
Finally, it's a bit fishy to me that adding in the last 10 years of data would almost halve their result (excluding data from the last 10 years got them a result of 3.7 degrees C, which is higher than the IPCC's most-probable estimate of 3.0 degrees of warming per doubling.) An earlier paper by this same group had some accuracy problems thanks to an oversimplified model and based on what is being reported about this one, it sounds like this one may suffer from something similar. But we won't know for sure until it actually gets published.
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