Perfluorocarbons (PFCs) are inert liquids which can dissolve--and release--approximately 50 times more oxygen than blood plasma. Oxygen carriers based on PFCs are easy to produce, free of biological components, and more rigorously sterilizable than blood. PFCs injected into the body are eliminated by expiration through the lungs. Before reaching the lungs, PFCs accumulate in storage organs such as liver and spleen. In these organs nanoscale PFC droplets reduce their free energy by unifying to microscopic drops, thus indirectly lowering the rate of their expiration. The model of free energy reduction by molecular interface crossing (FERMIC), a novel emulsion breaking mechanism derived from first principles as presented here, leads to a better understanding of the structure formation processes relevant in perfluorocarbons (PFCs) in vivo.