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OILRIG

[b]O[/b] - oxidation [b]I[/b] - is [b]L[/b] - loss [u]Oxidation is the loss of electrons, and the gaining of oxygen.[/u] [b]R[/b] - reduction [b]I[/b] - is [b]G[/b] - gain [u]Reduction is the loss of oxygen, and the gaining of electrons.[/u]