Ooh Boy---
Frisco, YOUR understanding IS correct.
I did read somewhere that oxygen is what burns/combusts,etc..and that fuel is just the catalyst. That and after reading your post I called a nurse at the VA hosp. to confirm (which she did) that oxygen DOES burn/combust..me figuring that with all the " no smoking oxygen in use" signs around there, she and/or they would have SOME clue...obviously not !!
Your post and overall knowledge,etc,just made too much sense to minimize. So I went a couple of steps further...proving THEM (as well as myself) WRONG via Wikipedia and an AIM article by Donny (I'd filed away) relative to the above..not the other article mentioned.
According to Wikipedia (in my words) oxygen does PROMOTE the RAPID combustion of a given fuel...but only as the oxident/catalyst VS the fuel itself.
In Donnie's article he discusses the properties of Nitrous (not Nitro like other article) noting that like Nitro..Nitrous has a higher oxygen % content than gasoline. So a fatter AFR of Nitrous can be run than with gasoline (noting air does not = oxygen)..thus more FUEL to burn/combust on each ign.stroke..and more power as a result.
All of which (highly simplified/condensed here) along with your input, definately clears up a few conflicts I've had in "my

mind" on the subject,since reading the other stuff...that I shoulda/woulda but did'nt confirm/verify,etc...even though it did seem "odd"to me
Sorry for the bum info brought to the table...and thanks for bringing it to my and others attention here...noting (a little ass

cover)
my other post did begin with.."my LIMITED understanding of the stuff starts with the idea that"...and so on.
Yeah and...boy,is that nurse gonna get an ear-full next time I see her there

!!