Peak Oil is Back!

Today I was at the Post Office on bayou Saint John and I discovered this headline and this graphic on the front page of USA Today (television in print).

Subheader reads, "But analysts aren't bullish

the rally will last long."

Note how the circle representing the globe is more than half empty of oil. And this is how oil prices behave in a post-peak environment, where the global economy is laboring under a huge overburden of debt. As oil prices spike, the high point met is lower than the previous highest peak price, but the cost of bringing oil to market increases because the extraction is becoming more difficult and requires more resources. For more information, see Gail Tverberg's Our Finite World and Steve Ludlum's Economic Undertow weblogs. The two websites are filled with immense amounts of information packed into each posted article explaining why this is so, and must be so.

South Scott Street 2

January 21, 2015.

The concrete cinderblock foundation is finished. 

Foundation for a House on S. Cortez St.

They've finished driving the piles, so now we wait for a framing contractor to build the first floor platform.

Iceberg House, again.

Another view of the iceberg house in the former vacant lot.

Photo taken right after dawn, Sunday, Feb. 1st.

Iceberg House.

This house has just been painted all-white and it looks like a big, giant iceberg. With a black roof on top, HAHAHA.

Corner S Cortex & Baudin. Used to be a vacant lot.

Two Deckers in New Orleans

In the 200 block of North Genois Street, Mid-City New Orleans, two new two-families are going up. They look too narrow to be proper two-story doubles; apparently they will be one flat on top of another, with the second floor entrance off to the side. A two-story two-family where each unit has one floor is a New England two-decker!

The Houses in the Lot Across the Way Are Being Painted.

The first has a grey-and-white finish.

 

 

The second one is just being started.