The global structure of two-dimensional dilaton gravity is studied, at
tending in particular to black- holes and singularities. A gravitation
al energy is defined and shown to be positive at spatial singularities
and negative at temporal singularities. Trapped points are defined, a
nd it is shown that spatial singularities are trapped and temporal sin
gularities are not. Thus a local form of cosmic censorship holds for p
ositive energy. In an analogue of gravitational collapse to a black ho
le, matter falling into an initially flat space creates a spatial curv
ature singularity which is cloaked in a spatial or null apparent horiz
on with non-decreasing energy and area.