Rising oil prices have focused the world's attention on the depletion of oil reserves. But the depletion of underground water resources from overpumping is a far more serious issue. Excessive pumping for irrigation to satisfy food needs today almost guarantees a decline in food production tomorrow.

Farmers...can no longer keep up with rising demand; thus the outlook is for chronic scarcities and rising prices.

The challenge is either to build an economy that is sustainable or to stay with our unsustainable economy until it declines. It is not a goal that can be compromised. One way or another, the choice will be made by our generation, but it will affect life on earth for all generations to come.

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.

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.

Nations are in effect ceding portions of their sovereignty to the international community and beginning to create a new system of international environmental governance.

The foundation is being laid for the emergence of both wind and solar cells as cornerstones of the new energy economy. World wind generating capacity grew from 7,600 megawatts in 1997 to 9,600 in 1998, an expansion of 26 percent. At a national level, Germany led the way, adding 790 megawatts of capacity, followed by Spain with 380 megawatts, and the United States with 226 megawatts. In the past, U.S. wind generating capacity was concentrated in California, but in 1998, wind farms began generating electricity in Minnesota, Oregon, and Wyoming, broadening the new industry's geographical base.