In reply to:
Strange though it may seem he is (sort-of) right so the sarcasm was in vain. DC principals don't apply to RF
I didn't take the comment as sarcasm but rather as pointing out the irony of what actually happens (energy travelling in the insulation) compared to common understanding (energy travelling in the copper). The same applies to DC by the way - AC doesn't carry energy in a fundamentally different way to DC.
You still need the copper of course, where electricity is concerned. With electricity the electromagnetic wave wouldn't exist without the electron current flowing in the conductor (which creates the magnetic component of the field). Neither is the current alone sufficient - you also need a voltage difference between the conductors (which creates the electric component of the field, between but not within the conductors).
Googling around, there's quite a nice detailed non-mathematical explanation
here for anybody that's interested.