Dave wrote:
"You don`t even need reflections. A properly terminated piece of wire
has a different current at every point along the wire."

Instantaneous values, of course. But, proper termination means no
reflection. The only source of variation along a line other than
attenuation is reflection. In a uniform line, attenuation causes a
steady decline of energy as energy travels. With a lossless line,
properly terminated, variation of rnergy along a line is only the phase
produced instantaneois values along the line. These are resolved during
the period of a cycle by the root mean square calculation.

Best regards, Richard Harrison, KB5WZI