In this latest article to it the news, you can read the statisticians reject global cooling.
So what other scientist are saying about this?
Roger A. Pielke, Sr. has a different perspective on this paper that you can read here.
The article (and apparently the NOAA study itself), therefore, suffers from a significant oversight since it does not comment on an update of the same upper ocean heat content data that Jim Hansen has used to assess global warming.
From my point of view, the global temperature will keep fluctuating, going up or down for multiple reasons as you can see in this graph. The important observation to see here is the relation between CO2 and temperature.
You can always find any trend in a graph depending on the start and end point.
The point is: Is there a good relation between CO2 and Temperature? All the talks, taxes, laws and other crazy things being put in place is supposed to be because CO2 will kill us all. Not because there is a trend somewhere in some data set. Someone somewhere will find this specific data set(s) the prove that the globe is warming or cooling. But what about CO2 and temperature?