Sal M. Onella wrote:
What did I say wrong?

You implied that reflected energy is always dissipated
in the transmitter.

How much of the reflected energy is dissipated in the
source depends upon the interference pattern at the
source. As w7el points out, dissipation in a voltage
source can be reduced to zero by the astute choice of
a special best case of complete constructive
interference in the direction of the load.
--
73, Cecil http://www.w5dxp.com