Tuesday, December 12, 2017
   
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The Tunica Times • P.O. Box 308/986 Magnolia Street, Tunica, MS 38676

Guest Column: State has little to show for megadeals

Many Mississippians may remember the recent failed venture to convert pine trees into gasoline. Gas was over $4 a gallon and it seemed like a great idea. After all, pine trees are mainly made of hydrogen and carbon, same as gasoline. All we had to do was rearrange the atoms using existing technology.

The company was called KIOR and was backed by some well-established Silicon Valley venture capitalist billionaires. Even Bill Gates was an investor. What could go wrong?

Well, for starters, the price of gas dropped dramatically. Fracking wiped out the notion of peak oil. Meanwhile, turning pine trees into gasoline, although possible, was harder than first thought.


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