Here's the real quandary:
http://www.nsf.gov/news/news_summ.jsp?cntn_id=116766&org=NSF&from=news ...
Whereas satellite instruments indicate that greenhouse gases are continuing to trap more solar energy, or heat, scientists since 2003 have been unable to determine where much of that heat is going.
Either the satellite observations are incorrect, says Trenberth, or, more likely, large amounts of heat are penetrating to regions that are not adequately measured, such as the deepest parts of the oceans.
Compounding the problem, Earth's surface temperatures have largely leveled off in recent years. Yet melting glaciers and Arctic sea ice, along with rising sea levels, indicate that heat is continuing to have profound effects on the planet.
...
As greenhouse gases accumulate in the atmosphere, satellite instruments show a growing imbalance between energy entering the atmosphere from the sun and energy leaving from Earth's surface. This imbalance is the source of long-term global warming.
...
Satellite measurements indicate that the amount of greenhouse-trapped solar energy has risen over recent years while the increase in heat measured in the top 3,000 feet of the ocean has stalled.
Although it is difficult to quantify the amount of solar energy with precision, Trenberth and Fasullo estimate that, based on satellite data, the amount of energy build-up appears to be about 1.0 watts per square meter or higher, while ocean instruments indicate a build-up of about 0.5 watts per square meter.
That means about half the total amount of heat is unaccounted for.
...
"Global warming at its heart is driven by an imbalance of energy: more solar energy is entering the atmosphere than leaving it," Fasullo says.
"Our concern is that we aren't able to entirely monitor or understand the imbalance. This reveals a glaring hole in our ability to observe the build-up of heat in our climate system."
...