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"Richard Matear, a Hobart-based marine researcher, said the oxygen content of deep ocean water between Australia and Antarctica had fallen 3 per cent since 1968.
If new research confirmed the decline was happening throughout the world's southern oceans, it would be a strong sign global warming was interfering with sea currents.
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Dr Matear said the decline in oxygen levels in deep water of the Southern Ocean was exactly what computer modelling suggested would be seen if global warming slowed this circulation, reducing the cold water flowing south of Australia. "Cold water is high in oxygen," he said.
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Dr Matear said a decline in oxygen levels would be particularly serious for sea life in the tropics, where the warmer water is already oxygen-poor."
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http://www.smh.com.au/articles/2004/03/10/1078594434768.html