Caliservative: The PDO (Pacific Decadal Oscillation) has been in a negative or median phase since 1998
http://jisao.washington.edu/pdo/PDO.latest
And the AMO (Atlantic Multidecadal Oscillation) has been in it's positive phase since roughly 1995
http://www.esrl.noaa.gov/psd/data/correlation/amon.sm.long.data
It is thought that these oceanic oscillations correlate with oen another.
http://lightning.sbs.ohio-state.edu/geog8901/paper/amo_dOrgeville2007.pdf
Sagebrush: Why continue this charade? The Earth has not been 'cooling since 1998'. What has happened since 1998 is the PDO has gone into it's negative phase after the rather intense El Nino of 1997/98. This does not mean the Earth is cooling. What it does mean is that the energy is being redistributed elsewhere. I have continued trying to explain this to you but you can't grasp this simple concept. The PDO redistributes heat it does not make it magically disappear as you would have everyone believe and, when the PDO goes back into it's positive phase, that redistributed energy will become present in the atmosphere once again.
You are, however, basing your statement that the planet has been cooling since 1998 based on satellite data. Satellite data measures the lower troposphere. Surface measurements show 2005 and 2010 to be the warmest as they only measure temperature at the surface. Neither one measures ocean heat content. To see that we have to look here: http://www.nodc.noaa.gov/OC5/3M_HEAT_CONTENT/
Do you see a decline since 1998? No. I see a peak at 2003 and then a greater peak at 2011 and that is just down to 700m. If we go further, down to 2000m, there is absolutely no slowdown at all. This is because the heat is being redistributed along with the currents. When the energy comes to the surface, or in the upper 700m, that energy will begin heating the atmosphere once again. I don't know how many times I'm going to have to continue explaining this to you. ENSO, AMO, PDO, and other oceanic oscillations REDISTRIBUTE heat they don't make it disappear. Understand?
To view the planetary cooling or warming we have to take all sections of it into account. We can also measure the energy balance of the planet and compare he energy input and energy output. Viewing this we can see how much more energy is increasingly being retained by the planet. Once it is in the system it is going to be used in the system regardless of where it is.