120,000 years ago you had a sudden warming of the earth, then a raise of 20 feet in Sea levels (Probably because the West Antarctic Ice Sheet Collapses) following within 50 years but a DROP in world wide Sea levels as more and more water became tied in with the then EXPANDING Ice Sheets as the last advance of the Ice age started.
Please note the East Antarctic Ice Sheet (EAIS) does NOT seem to have been affected by the above. The EAIS is a very stable Ice Sheet and is believes to have existed for Millions of years. The problem is the much smaller West Antarctic Ice Sheet (WAIS) which is inherently unstable and believed to be only 120,000 years old (i.e. from the start of the last Ice Age).
As to sea Levels, no one is worried about the Arctic Ocean, for the Arctic is an Ice Shelf (i.e. it is floating on top of sea water). As a Shelf the Arctic is displacing the same water its ice would be if the ice melted. While you will have other problems if the Ar-tic would melt (For example how will Polar Bears survive in the winter, right now they stay and live on the Arctic ice shelf but if the ice shelf disappears what will the Polar Bears do? Thus the melting of the Arctic Ocean will cause huge problem RAISING OCEAN LEVELS IS
NOT ONE OF THEM.
Ocean levels are affected by the melting of ice SHEETS. Glaciers are Ice Sheets but the three big Ice Sheets are the EAIS (70 % of the Fresh water on the plant), the WAIS (about 10-12 % of the Fresh Water on the Plant) and the Greenland Ice Sheet (about 10% of the World's Fresh water). The remaining Fresh water are in the various lakes, rivers, Glaciers and other Fresh water sources (Remember we are talking about FRESH water, most water on the plant is Salt water in the Oceans).
The EAIS is on the highest part of the highest Continental in the world (Antarctica on average is higher than any other Continent). As the highest Continent the EAIS is while above Sea levels so is Not affected by Sea level temperatures (except in the fact warming air will carry more moisture to Antarctica which will come down as Snow and make the EAIS with even MORE ice, making it even BIGGER with more and more ice do to global warming). Antarctica is also completely within the Antarctic Circle making it the COLDEST Continent. Between these three factors NO ONE IS SUGGESTING THE EAIS WILL COLLAPSE within the next 100 years if ever.
On the other hand the other two ice sheets are viewed as "Unstable". The Greenland Ice Sheet is mostly within the Arctic Circle (thus is almost as cold as EAIS) but part of it extends to below the Arctic Circle (making it warmer than the EAIS). Greenland is also hit by warm water from the Gulf Stream (Through this comes down mostly as snow and builds up the Ice Sheet). Furthermore Greenland Ice Sheet is completely above Sea level so the Ice Sheet is NOT affected by World wide Sea Temperatures. While not as stable as the EAIS, the Greenland Ice Sheet is capable of slowing melting and raising world wide sea levels about 20 feet. Parts of the Greenland ICe Sheet has broke off into the Ocean in the past and slowed down the Gulf Stream, but not enough to stop the Gulf Stream (Through enough to make Europe colder than it has been in the recent past).
That brings me to the Godzilla of Global Warming, the WEST ANTARCTIC ICE SHEET (WAIS). This is located just south of Argentina and is a set of Ice Sheets grounded on the sea floor among various islands in the West Antarctic Islands (Today covered by the WAIS or the WAIS connect the islands together to look like one big set of solid land). The WAIS is unstable for two reason, while it is within the Antarctic Circle, it si grounded BELOW sea level and thus Sea level Temperatures affects it as it base. Second it is smaller than the EAIS and thus NOT AS COLD. Given its base below sea level it is subject to rapid deterioration (i.e. one day it looks solid, the next day the whole ice sheet can be floating in the Southern ocean, the Ocean that surrounds Antarctica). Such a Sudden Collapse of the WAIS will raise world wide sea levels overnight, southern Florida is be flooded (Through central and Northern Florida will still be above sea levels). Parts of New York City will be flooded (But Harlem will still be above Sea level, through the Streets of Downtown New York will be under Water). This will be true of every city on the Ocean. Please note we are NOT taking about 20 feet inland, but 20 up-wards. Thus a lot of Southern Florida will be under water for it is less than 20 feet above today's sea level. but most cities only that part closest to the Ocean will be flooded, but in the Atlantic that may be 100 of feet inland (and less on the the West Coast for the est Coast tend to raise up above the ocean much more than the East and Gulf Coasts do).
A collapse of the WAIS is believe to have started the Mad House Century, and may do so again.
For more on the Mad house Century see:
http://www.imaja.com/as/environment/can/journal/madhousecentury.htmlhttp://williamcalvin.com/2000/EdgeQuestion.htmhttp://fermat.nap.edu/books/0309074347/html/index.htmlhttp://ces.iisc.ernet.in/hpg/envis/doc98html/globalcll1119.html