"The latest sea level numbers are out," says Steven Goddard on Real-Science.com. "Envisat* shows that the two year long decline is continuing, at a rate of 5mm per year."
"No doubt Al Gore will pass this good news on to all his viewers," laughs Goddard
What Al probably won't tell them, is that this decline is a continuation of the sea-level decline that began in 2010. (See http://iceagenow.info/2011/08/sea-levels-dropped-2010/ )
Where is the water going?
It's being locked up on land as snow and ice. Look at the record snowfall throughout the Western United States this past winter. That's how ice ages begin. If that sort of snowfall persists, sea levels will continue falling and won't begin rising again until the end of the next ice age.

http://www.real-science.com/uncategorized/sea-level-continues-historic-decline
Envisat numbers here:
ftp://ftp.aviso.oceanobs.com/pub/oceano/AVISO/indicators/msl/MSL_Serie_EN_Global_IB_RWT_NoGIA_Adjust.txt
See also, Sea levels dropped in 2010




The realscience link above dropped some malware on my computer. Just FYI