Quote from Ricter:
FC, if atmospheric warming has stalled, what about oceanic warming? I mean, the energy is still coming, the blanket is still getting thicker...
Well yes, studies have suggested and logic deduces that the heat is being absorbed into the oceans over the last 16 years or so. There is no doubt that the temp fluctuations are partially due to the Pacific oscillation and that the vast majority of the earth's heat content is in the oceans.
Some of the heat may also be being reflected back into space from high altitude SO2 from coal fired plants in the developing nations.