“Despite the short period of the present analysis, these results have important implications for climate. First, from 2004 to the present, steric contributions to sea level rise appear to have been negligible. This is consistent with observations of ocean surface temperature, which show relatively little change in the global average between 2003 and 2006 [Smith and Reynolds, 2005, see NCDC global surface temperature anomalies]. It is in sharp contrast, however, to historical analyses of thermal expansion over the past decade [Willis et al., 2004] and the past half-century [Antonov et al., 2005; Lombard et al., 2005; Ishii et al., 2006]. Although the historical record suggests that multiyear periods of little warming (or even cooling) are not unusual, the present analysis confirms this result with unprecedented accuracy.”
The above paragraph reinforces a conclusion reached on Climate Science that global warming, at least as diagnosed by tropospheric and upper ocean heat content (see), has not been occurring since 2004. It is impossible to know if this lack of warming will continue, but these observations are inconsistent with the predictions of the long-term global climate predictions, such as reported in the 2007 IPCC report.