Bill,
It's great you're asking! A lot of it is a bit confusing and it's even tougher to simplify in just a single post here...but I'll try.
The Arctic Oscillation (AO) is just one of many atmospheric or ocean temperature profile oscillations--they're basically large scale upper level troughs and ridges that shift around or vary from positive to negative phases. The AO is positive when large scale troughing hovers around the North Pole and negative when it sags south (it was more negative than usual last month, hence the storminess) Some last a few days, some last months or even years. There is the Pacific North American Oscillation (PNA), the North Atlantic Oscillation (NAO), the Eastern Pacific Oscillation (EPO), the Pacific Decadal Oscillation (PDO), the Quasibienniel Oscillation just to name a few....all of these highlight troughs and ridges in various configurations from the Pacific to the Atlantic and to the poles. It's the various combinations of these oscillations that give us particular weather patterns. Sometimes a positive phase of one along with a negative phase of another delivers potent east coast storms....but perhaps the opposite will slam the west coast with storms...and that's just with only two variables, let alone a combination of all the others. Perhaps one will enhance a particular pattern or even cancel it out. It's fluid and always changing--sort of like my analogy of the Rubiks Cube in another thread. They've been occuring for thousands/millions of years...it's just we're now recognizing these patterns, assigning them cool acronyms, and trying to gauge their frequency so we can identify future patterns.
Hope that helps.
Cheers