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If energy is stored in chemical bonds, and bond formation is always an exothermic process, doesn't that imply that bond formation both stores and releases energy? How is this possible? I'm clearly not understanding some basic tenet of chemistry. For example, H+ and OH- neutralize to form H2O.
The overall bonds being broken is greater and therefore release energy. And don't forget that respiration is not perfect and as a result energy is lost as heat...which is classified as an exothermic reaction.