In reply to A Longleat Boulderer:
To be honest, I'm a bit unsure of using the terms 'absorb' and 'release', I suspect a real expert might not be too impressed by them. What I do know is that the oceanic oscillations and circulations are complex mixtures of various types of heat flows and transfers with the atmosphere that are still the subject of much research. I will stand by the 'quasi-periodic' bit which makes it difficult to predict despite the fact that the computer models are able to replicate the behaviour very well. Also, we seem to be heading for a big El Nino.