The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.

The problem with water, though, is that the shortfalls don't show up until the very end. You can go on pumping unsustainably until the day you run out. Then all you have is the recharge flow, which comes from precipitation. This is not decades away, this is years away. We're already seeing huge shortages in China, where the Yellow River runs dry for part of each year. The Yellow River is the cradle of Chinese civilization. It first failed to reach the sea in 1972, and since 1985 it's run dry for part of each year. For 1997 it was dry for 226 days.

The 20th century was the time when the world turned to use of fossil fuels and the 21st century will be the century of the renewables.

Today, more than ever, we need political leaders who can see the big picture, who understand the relationship between the economy and its environmental support systems.

Nuclear power, once regarded as petroleum's natural heir, has become less and less attractive as its numerous drawbacks come to light. Coal, the other fossil fuel, is ultimately as exhaustible as oil.

Each summer, for example, nitrogen and phosphate washing from farmlands in the Mississippi Valley enter the Gulf of Mexico, creating a massive algal bloom covering some 16,000 square kilometers. As the blooms die off, this area-roughly the size of New Jersey-is so deprived of oxygen that no fish survive.

In this era of tightening world food supplies, the ability to grow food is fast becoming a new form of geopolitical leverage, and countries are scrambling to secure their own parochial interests at the expense of the common good.