Are Master Limited Partnerships for you?  Updated at: 05/30/2013
12:06 PM  (AP) NEW YORK - Investors searching for income-
generating investments are finding opportunities in the oil and
gas pipelines that crisscross the country.  Many of the
pipelines, holding tanks and other equipment that help get fuel
to consumers are owned by firms called Master Limited
Partnerships. They typically generate high income and tax
benefits for investors because the firms are required by law to
"pass through" much of their income and deductions to
shareholders. In return, the partnerships pay no corporate tax.
These partnerships are very similar to more popular real estate
investment trusts, but they own energy infrastructure instead of
real estate. They trade on exchanges like stocks or exchange-
traded funds.   "It’s a great way to invest in this massive
resource in the U.S. without the commodity risk," says Ethan
Bellamy, an MLP analyst at Robert W. Baird & Co.  An index of
the 50 most prominent energy MLPs yields 5.7 perce