For me, the most interesting part was toward the end (
starting at 36.05).
If I understood this correctly, there's a particular group of patients (the high blood flow group) that has the highest impairment of oxygen extraction. In other words, when their blood returns to their hearts, it has
too much oxygen in it - showing that insufficient oxygen was extracted by the cells.
One explanation would be that oxygenated blood is bypassing the cells at a very local level, being "shunted" around the cells from the arterial system to the venous system. This may be happening at the level of the second smallest vessels - the arterioles and venules. He uses the term "arteriolar dysfunction."
An alternative explanation might be that the mitochondria in the cells are dysfunctional and aren't using enough oxygen. He says they have preliminary evidence to suggest that.
So the poor oxygen extraction could be caused by arteriovenous shunting, mitochondrial dysfunction - or both.
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If this
has something to do with the next to smallest of blood vessels, the arterioles and venules, it wouldn't be the first time that they have been implicated in ME/CFS.
One of the historic outbreaks of ME occurred in 1975 at the Mercy San Juan Hospital Medical Center, located in a suburb of Sacramento, California. It was attributed to "infectious venulitis" - an inflammation of the venules.
http://www.oocities.org/sezar99q/MECFSInfectiousVenulitis.html