Abstract
The relativistic outflows from gamma-ray bursts are now thought to be narrowly collimated into jets. After correcting for this jet geometry there is a remarkable constancy of both the energy radiated by the burst and the kinetic energy carried by the outflow. Gamma-ray bursts are still the most luminous explosions in the Universe, but they release energies that are comparable to supernovae. The diversity of cosmic explosions appears to be governed by the fraction of energy that is coupled to ultra-relativistic ejecta.

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