I looked at this a few days ago, and printed myself a copy, and access was free.
Camless Engines
A near future where camshafts don't exist and
performance is revolutionised!
By Dusko Mackoski
...
The valvetrain in a typical internal combustion engine comprises several moving components. Some are rotating and
some are moving in a linear manner. Included Included are poppet valves that are operated by rocker arms or
tappets, with valve springs used to return the valves to their seats. In such a system the parasitic power losses are
major - power is wasted in accelerating and decelerating the components of the valvetrain. Friction of the camshaft,
springs, cam belts, etc also robs us of precious power and worsens fuel economy, not to mention contributing to wear
and tear.
The power draw on the crankshaft to operate the conventional valve train is 5 to 10 percent of total power output.
...
Now when I try to check the weblink, they want me to pay to read it.
I guess that's not clear and precise - exactly why I didn't post this earlier. I was expecting a clearcut and knowledgable reply with debate about fine intricacies of it all. Posting it now doesn't seem so bad.