DenTony11235,
The last 3 replies have been on target. My intent is to clarify and put it all together. First, do not worry about the nitrifying bacteria and sulfur reducers.
Its important to know that Glycolysis is the breakdown of Glucose (sugar). In this breakdown, energy is harnessed by the electron carrier NAD+, when it is reduced to NADH. For the process of Glycolysis to be repeated, this energy carrier must donate its electrons so that it may return to its oxidized form, NAD+.
This involves the processes, Fermentation ( an anaeroboic pathway, meaning oxygen is not required) and the Citric Acid Cycle and ETC ( an aerobic pathway in which oxygen is required).
In fermentation, the NADH is recycled back to NAD+. This occurs when oxygen is not present.
When oxygen is present, however, we proceed to the Citric Acid Cycle and the electron transport chain. As mentioned by Dotoday, acetyl CoA is the starting point for the Krebs cycle. In order to convert pyruvate (product of Glycolysis) to acetyl CoA, we need to generate NAD+. Having produced 2 molecules of NADH from the breakdown of Glucose in Glycolysis, NADH donates its electrons to the ETC, where Oxygen is the final electron acceptor. The fact that oxygen needs to accept these electrons makes this an aerobic pathway.
To sum up, the citric acid cycle and the ETC require oxygen, causing aerobic organisms to undergo these processes. On the other hand, Fermentation is a process that only anaerobic organisms undergo. Glycolysis, however, is undergone by both aerobic and anaerobic organisms since both types need to break down sugar to harness energy.