I'm finding it hard to believe you guys can go so dang fast without fully understanding the combustion process you're using to get there.
You need to mix fuel with air to get combustion. The only part of air that supports combustion is oxygen, which represents 20% of the volume.
You must mix it in the correct ratio. Every fuel has a pair of parameters called the lower and upper limits of flammability. If you create a ratio outside those parameters incomplete or no combustion will occur.
The engine will pump a certain volume of air. You mix fuel with that air trying to arrive at the optimum ratio, keeping in mind that only 20% of the air volume will support combustion.
If you could increase the oxygen content in that volume of air from 20 to 30% you could, and in fact would have to, add more fuel. Getting more fuel into the chamber at the optimum ratio, all other factors being equal, will result in a substantial increase in power. It's a ratio of hydrocarbons to oxygen. Nitromethane carries an oxygen component and can be run a lot richer than gasoline because it has some of the oxygen it requires trapped in the fuel.
The UEL and LEL for unleaded gasoline are 7.1 and 1.2% of air by volume.
Since spark ignition engines are known to develop their maximum power at air:fuel ratios between 12.5:1 and 14:1 displacing plain old air with an oxygen rich gas allows you to cram more combustible fuel into a cylinder and still be within the ratio parameters for maximum power.
NO2 is not a fuel, it is an oxidizer, as is air. It does function similar to a forced induction system in that it makes more oxygen available for combustion which allows you to burn more fuel.
How you classify it is a different can of worms altogether.
~Stroker
www.snartracing.com