Here's a positive sign about the outlook for the oil patch. 60 new jobs are coming to the Port of Iberia. AP reports, Louisiana Cat plans to expand its operation at the port. The company services engines for a variety of industrial applications in the region. The expansion will require a million dollar infrastructure upgrade. Louisiana Economic development will reportedly pick up $450,000 of the tab. The jobs will be added over the next 5 years, with an average annual salary of $60,000.