at we have $17 trillion in new obama debt. growing and elderly generation, the grea greatest generation me people needing social security. how bad is it from a business perspective? the only solution is innovation. the company is growing at 1.82% a year. that is not going to put us competitive against the asian growth rate is of 4% to 5%. america is the greatest country in the world in innovation. form new technologies and new markets and so forth. that has to be the highest priority of all of the business. the innovation will allow young people to create jobs and jobs allow the older people to have a good retirement. really simple. sean: we have to face the truth that we have to live within our means. i would argue that we can grow out of our problems. growth solves most problems and way is investing in the human capital. when you look at the people
stations down the street it s 54.99, 5.09 a gallon. it s really out of control. it s almost five bucks a gallon. how the of control, and once again the governor says that they will change to the winter standards, but most gas price analysts say it will be several weeks before it comes back down and i may not come down that much. bill: the golden state not so golden. all that gold is running out of your pockets. here is patti ann. patti ann: gas prices in california much higher than the rest of the country. according to aaa the national average for regular gas is 1.82 cents. when you look at the receipts of the country seven states passing the four dollar mark for a gallon of regular and threatening to become the norm in at least 15 other states. the average in those states more
that comes at a time when the commodities markets are at their most volatile in years. many analysts expect that kind of volatility could work in glencore s favor. they priced their shares in the middle of the quoted range, hoping to see an early rise. it s actually falling, down by 1.82%. just a few moments ago, the stock was down almost 2% coming in at 538 pence per share. it s now down by 1.8%. not as bad. actually the opposite from what they re expecting, andrew. yes, interesting sign of the times. it shows about the worries in the commodity markets at the moment. you re looking there at the closing bell on the street, the dow bouncing back from three days of losses on wednesday, tech stocks getting a nice boost thanks to the solid numbers coming out from dell after the market on tuesday. the computermaker s stock was up
in terms of the gulf of mexico we continued to have a robust production as we did the last year and we expect that to continue to have a robust production in 2011. reporter: but before the blowout said production in the gulf would be 1.77 million barrels a day but that now projected to drop to 1.39 million. and in 2012 the government originally projected 1.82 barrels a day but now sees a decline to 1.14 million barrels, a drop of 680,000 today, about half the exports of libya. at the same time, republican senators charged the epa of killing the coal industry. i think the epa has gone way beyond the mandated duty and now at the point of stifling industry in our country. reporter: over half the nation s electricity comes from coal and mitch mcconnell accuses them of sitting on mine applications, noting that 79 are
robust production as we did the last year and we expect that to continue to have a robust production in 2011. reporter: but before the blowout said production in the gulf would be 1.77 million barrels a day but that now projected to drop to 1.39 million. and in 2012 the government originally projected 1.82 barrels a day but now sees a decline to 1.14 million barrels, a drop of 680,000 today, about half the exports of libya. at the same time, republican senators charged the epa of killing the coal industry. i think the epa has gone way beyond the mandated duty and now at the point of stifling industry in our country. reporter: over half the nation s electricity comes from coal and mitch mcconnell accuses them of sitting on mine applications, noting that 79 are in limbo. have done the process by