Oxygen is essential for aerobic respiration in humans. It undergoes a "cascade" of decreasing partial pressure from the atmosphere into the mitochondria of cells. Key steps include uptake in the lungs (PaO2 of 100 mmHg), transport in blood bound to hemoglobin and dissolved in plasma, delivery to tissues, and cellular uptake and use. Hemoglobin's oxygen-binding curve allows for efficient oxygen loading in the lungs and unloading in tissues. Factors like pH, CO2, and 2,3-DPG regulate the curve to facilitate oxygen transport.