Quick Quiz: What is the Arctic Oscillation Chart Telling Us?

From a very high peak on January 2nd the index is collapsing (but not far, short natty on any further uptick):

This means:
a) Penguins can fly
b) It's the end of the world as we know it.
c) Someplace in the northern hemisphere is about to get quite chilly.

A) Flying Penguins was an April Fools Day hoax perpetrated by the BBC, Apr. 1, 2008:

The scooped-and-obviously-pissed-about-it Daily Telegraph wrote:

"This is an instant classic. It is accomplished work of this kind that guarantees the BBC its unique status."

B) R.E.M. frontman Michael Stipe says a reunion will "never happen":


C) Brrrrrr, natural gas futures rose 3.9% on Friday, $3.003 settle.