Oil Patch Eruption

摘要

It sure looks legit, what with Fred Thompson, the actor and former Tennessee senator, introducing Texas oilman Mark A. Plummer in a YouTube video. "Oil and gas prices are high, and they are here to stay/' says Plummer, standing in shirtsleeves in front of a working oil well "At today's prices it makes sense to rework these old oilfields and get every barrel out of the ground." Why not buy into your own oil well in Louisiana, Texas or California—and cut out the middleman? Plummer, president of Richardson, Tex.-based Chestnut Petroleum and its affiliated broker/dealer, Chestnut Energy Partners, says the potential returns are more than 30% per year, the tax advantages "tremendous."