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Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

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Sunday, March 11, 2018

Arctic sea ice at seasonal record lows

Source

As temperatures at the North Pole approached the melting point at the end of February, Arctic sea ice extent tracked at record low levels for this time of year. Extent was low on both the Atlantic and Pacific sides of the Arctic, with open water areas expanding rapidly in the Bering Sea during the latter half of the month. On the other side of the globe, Antarctic sea ice has reached its minimum extent for the year, the second lowest in the satellite record.

Winter continues to be mild over the Arctic Ocean. Sea ice extent remained at record low daily levels for the month. Arctic sea ice extent for February 2018 averaged 13.95 million square kilometers (5.39 million square miles). This is the lowest monthly average  recorded for February, 1.35 million square kilometers (521,000 square miles) below the 1981 to 2010 average and 160,000 square kilometers (62,000) below the previous record low monthly average in 2017.

[Read more here]

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