As Jennifer Marohasy explains:
Craig Loehle has analysed the data from only the profiling floats for ocean heat content from 2003 to 2008. In a paper recently published in the journal Energy and Environment he has concluded that there has been ocean cooling over this period. . .(via ICECAP March 20th, Watts Up With That?)
Dr Loehle’s findings are consistent with satellite and surface instrumental records that do not showing a warming trend over recent years.