I'm a student too so take my thoughts with a grain of salt.
O2(g) + 2 H2O(l) + 4 e- --> 4 OH-(aq)
My thought is to consider the electrons in the half reaction as an indicator of equilibrium. Since the electrons are present on the reactant side, equilibrium favours the reactants and no reaction occurs. When compared to the half reaction for the reduction of iron metal, there are more electrons on the reactant sides than the product , confirming the fact that no reaction occurs.
I'm not sure that this makes sense. Electrons on one side of a reaction or the other do not indicate whether the reactants or products are favorable or not. Take for instance, the reduction of Ag
2+ compared to the reduction of Li
+.
[itex]\ce{Ag^2+ + e- -> Ag+}\;\;\;\;\;\;\textrm{E}^{\circ}=+1.98\textrm{ V}[/itex]
[itex]\ce{Li+ + e- -> Li}\;\;\;\;\;\;\textrm{E}^{\circ}=-3.05\textrm{ V}[/itex]
The electrons are on the same side of both reactions, but the high positive E° of Ag
2+ means that it is strongly oxidizing and so this reaction "tends" toward the forward direction under standard conditions (the Ag
2+ "likes" being reduced). The opposite could be said of Li
+.
You don't have them listed here, but I bet you have access to the standard potentials (E°) of your reactions involving Fe and OH
-. The key word being
standard. But what happens when you put NaOH in water? How might that affect one or both of the potentials?