MORE FROM OIL PATCH

 Here's more from the oil patch.

We welcome this news and so should you if you want to make any serious money from this sector over the the next economic up turn. And there will be one.

Moreover, we've been talking about it for some time. We're looking out beyond next year to 2016-17 and we like our chances.

Every day that passes we like the oil patch more and more. 
http://www.marketwatch.com/story/oil-stays-rangebound-brent-wti-spread-narrows-further-2014-09-30-21034059?dist=afterbell

Quotes like this one and others about slowing homes sales and falling consumer confidence make us relatively certain the Yellen-led Fed will overstay the soft money party and have to play meaningful catch-up.
  
"Internal pressure within the Federal Reserve on Janet Yellen to increase interest rates will recede in the wake of the surprisingly weak August job report," one economist said.

“There are some voices at the end of the[Fed]  table that feel as if there is sufficient progress in the labor market to think about raising interest rates, but Yellen feels there is still a bit more work to do,” said Carl Tannenbaum, chief economist at Northern Trust.
“This report will make is easier for Yellen to find consensus at September,” Tannenbaum said.
Hiring slowed in August to just 142,000 jobs, the smallest gain since December.

http://blogs.marketwatch.com/capitolreport/2014/09/05/pressure-for-early-fed-rate-hike-to-recede-after-august-job-report/

The November Brent contract ended Tuesday down $2.53, or 2.6%.

Crude markets opened flat and moved little through the early part of the session. Analysts said a production survey by Reuters seemed to have tipped the market into a midmorning swoon. The survey said supplies from the Organization of the Petroleum Exporting Countries hit their highest level in two years in September, thanks to higher output from Saudi Arabia and Libya. With supply of nearly 31 million barrels, the output exceeded OPEC's demand forecast for its own crude of 29.2 million barrels.

OPEC output has become a key focus in the oil market, as production from the U.S., Libya, Iraq and other countries swamp the market. There have been calls for the cartel to curb production, but it has shown little inclination to do so. As a result, prices have tumbled since mid-June as the world has become more adequately supplied.

http://online.wsj.com/articles/crude-oil-rebounds-from-near-two-year-low-1412069887

 The cure for too much supply is too much supply.