Interesting little story. Deep ocean measurements have not found any warming of the world's oceans (actually a bit of cooling).
Where's all this extra heat, which the surface monitoring network tell us is in the air???

http://www.npr.org/templates/story/story.php?storyId=88520025
Quote:

It's also possible that some of the heat has gone even deeper into the ocean, he says. Or it's possible that scientists need to correct for some other feature of the planet they don't know about. It's an exciting time, though, with all this new data about global sea temperature, sea level and other features of climate.

"I suspect that we'll able to put this together with a little bit more perspective and further analysis," Trenberth says. "But what this does is highlight some of the issues and send people back to the drawing board."

Trenberth and Willis agree that a few mild years have no effect on the long-term trend of global warming. But they say there are still things to learn about how our planet copes with the heat.

But I thought we knew everything???