What does it mean to be energy independent?
Modern society has rapidly evolved over the years and left many countries, including our own, with a powerful addiction to energy. We satiate our thirst for energy from a variety of fuels such as coal, gas, petroleum, nuclear, solar and wind. America currently produces about 40% of the oil it consumes, but domestic oil production has been in decline for decades and the U.S. is increasingly looking to foreign sources to ensure our access to petroleum.1 Each year, we pay significant sums of money and export jobs to foreign companies and governments to supply our fuel for transportation, electricity, and warming needs. This means that our money doesn’t stay in our communities, can potentially support companies that take advantage of lax environmental regulations and workers abroad, and makes America dependent on other nations.
Although the U.S. does have fossil fuel deposits in the form of coal and natural gas, these resources are finite and domestic supplies could shrink even further depending on future environmental regulations. Failure to account and plan for this is a serious risk that our country needs to consider.
How do we ensure America’s energy security?
Fortunately, harvesting alternative renewable sources of energy like solar and wind can go a long way in making America energy independent. Gas and utility prices are always in an upward trend and economists foresee no reversal as access to conventional fuels become more difficult and costly. However, as these prices continue to rise, solar and wind power continue to fall as soft and hard costs both decrease with improvements in technologies and processes.
Renewable resources cannot be outsourced and do not become depleted from large-scale harvesting. Large-scale harvesting of renewable sources of power could yield more jobs, cleaner air, and less dependence on the whims of foreign countries.
Ensuring the U.S’s energy security presents a huge economic opportunity as well. According to a study by Mark Jacobson from Stanford University and Mark Delucchi from UC Davis, the cost of transitioning to a 100% clean energy economy is potentially a $100 trillion opportunity. At Mosaic we allow people like you an opportunity to participate, and profit from, clean, renewable energy.
Energy independence also means giving power to the people. Our mission is to generate true prosperity by granting more people than ever before the chance to have a stake in the field of clean energy. We aim to democratize and decentralize energy production so electricity and profits go from the hands of a select few into the hands of many. For those unable to put solar panels on their homes, Mosaic also presents the ability to contribute to American energy security.