Man Strikes 'Gold' in His Back Yard

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As people are looking for ways to save money, one man in Indiana has found help right in his own backyard.

Greg Losh is sitting on top of an oil well.

A local oil company contacted him after they discovered oil in the area.

And now, Losh is producing three barrels of oil a day.

With oil around $130 a barrel, experts predict it will turn into a big money maker.

"If you have one well in your backyard, probably over the course of a year you'd be earning tens of thousands of dollars," Professor Amy Myers Jaffe said.

Experts say drilling for oil requires a great deal of technical knowledge, and caution this is not something you should do on your own.

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