It's an oscillation. They give each other heat. But El Nino releases it for most of the world to choke on, versus La Nina keeps it trapped in the WPAC subsurface. I think most of us would prefer the latter except select people who want some more snow in their backyards by making the rest of the world torch to push the troughing their way.
La Nina and -PDO were actually hiding some of the effects of global warming (not very well either). Now that it's getting released it's just going to become more apparent.