The document discusses glycolysis, which is the breakdown of glucose to pyruvate with production of ATP. It occurs in the cytosol of cells and can proceed with or without oxygen present. Under anaerobic conditions, pyruvate is reduced to lactate, while in aerobic conditions pyruvate enters the citric acid cycle in mitochondria to be fully oxidized to CO2 and H2O. Glycolysis is tightly regulated by feedback inhibition and is a key energy producing process, especially under low oxygen conditions like in muscle during exercise. The citric acid cycle further oxidizes acetyl-CoA produced from pyruvate to generate more ATP through oxidative phosphorylation.