The total energy of an harmonic oscillator is constant along the cycle, only changing from potential (elastic for example) to kinetics, and from kinetics to potential.
In an elastic travelling wave in a string, the points of maximum and minimum height of the cycle have zero kinetic energy as in an oscillator. The point of zero transverse displacement has maximum kinetic energy.
My first question is: has that zero displacement point also zero tension? It seems logical, because that way each point of the string exchanges potential and kinetic energy as an oscillator, but this reference says the opposite on fig 19, page 19.
Edit May,5th The author really adresses my objections in a remark on the same page!
Basically, his (previous) conclusion that the maximum strech is located where the velocity is maximum relies on the hypothesis that the displacement is 100% transverse.
It is enough to allow a small amount of longitudinal displacement, and that strech can be distributed along the string, or even be located in the point of zero speed.
Another related point is about EM waves. The energy density is:
$T = \frac{1}{2}(E^2 + B^2)$
As $E$ and $B$ oscillates in phase, each point in space changes energy along a cycle. Particularly when $E = B = 0$, $T = 0$. Unless what matters is only the average energy in the cycle as in this post. Or what matters is that each point of spacetime has always the same energy.
My second question: what is the correct interpretation of the energy density variation?
Sorry for asking 2 question in post. But they are related by the notion of energy conservation on waves.