Its fairly well established that a bike is one of the most efficient forms of transportation. However, I would like to take that a little further. Bikes come in a huge range of forms, from full suspension mountain bikes (Full sized trucks) to hybrids (compact SUV's) to decent road bikes (fwd basic everyday car) to really good road bikes (diesels) to fixed gears (Insight).
What, a fixed gear? Yes, a fixed gear bicycle is the most efficient form of transportation in my mind, so let me explain why.
One of the best things about a fixed gear is that it is a direct drive. The chain goes from your crank, where your power is generated, straight to the wheel. There is no derailleur interfering, no tension on cables, no alignment issues. It is a straight and pure lever pulling a gear. But does this matter? Oh yes.
On the bike below, I can get up a rather large hill in Seattle riding a 3.0 gear ratio on normal road wheels (48t x 16t). Riding a high-end road bike I would be in one of the lowest gears, usually a 39t x 20-23t, which is a gear ratio under 2.0. I would have to gear down to 2/3 of the fixed gear ratio in order to make it up the hill, due mostly to the derailleur's added stress, the non-straight line of the chain, and slightly more weight of added parts (gears and gear changers). Amazing.
15lb fixed gear
One big problem with fixed gears is that they are often made for "tricks," or made out of older road bikes as a "fun" project, so they don't reach their optimum in efficiency.
For this one we chose to spend a little extra money on the key parts, wheels, crank and fork. The result is that it is extremely fast. By making the bike so light, one gear is not a problem. I can make it up almost any hill that a person on a good high-end bike could (even on a $3000 road bike). I could accelerate to 20mph just as fast if not faster than someone with gears, and I could steadily hold 25mph, with bursts up close to 35mph.
I helped build the bike above for a friend, so it is not my own, but even at 15lbs, it still uses an old Peugeot frame (5lbs). Someday we'll swap that out for some nice 3lb frame so that we can glean an even bigger smile as we effortlessly ride around
My bike isn't quite as fast, but hopefully I'll get there:
Leader 735tr
If you ever have a chance to ride a good quality fixed gear, its worth your time as you can immediately feel the efficiency gain. Maybe its not for everyone, but as far as efficiency, I believe it is the purest form of transportation available.