polls. economic conditions vary greatly from state to state. let s take a look at a few. vermont s unemployment rate is at 5.1%. that is much lower than the 8.3% national average. in january, only one in about 21,000 homes in vermont were in the foreclosure process. a very different picture in ohio. unemployment much higher there, 8.1%, though lower than the national average. 1 in 616 homes is in foreclosure in ohio. in georgia, it s seen some of the worst numbers. unemployment there, 9.7%. higher than the national average. 1 in 328 homes are in the foreclosure process in georgia. cnn s chief national correspondent john king joins us now. as if john king needs an introduction to anybody who watches tv. john, as we just pointed out, we just pointed out three states. every state has a different economy. so what economic issues are going to be the most important both in super tuesday and in the election? ali, you make a very critical point going state by state because we often
security. the country would be even more of a threat if we haven t sent aid there over the years. and the just sent billions to the mubarak government. and no wars between egypt and israel since 1973. so you talk to traders here, they are in the stability camp. and everyone knows the big u.s. interests is clearly about the oiled, so how does what happened over there in the middle east paeaffect how much pay for gas here? anyone who has filled up their car knows the answer to that. take you a look at what oil prices have done so far this year, prices jumping following those outbreaks of unrest in egypt and libya. some of the biggest oil spikes came when there was fear of protests spreading to sawed dir saudi arabia. so you think prices are high now, you ll see those go through the roof. all right, thank you very
about 40 minutes from now. we re taking a look at live pictures showing you there the flag set up, the podium set up, waiting for the president to be speaking. that will be happening momentarily. now, of course we re taking a look at how the events a world away impact your security, our standing in the world. we ve got a few details ahead of the speech. the president is expected to say that the post-bin laden area is a time to reject terror and extremist views. the president will emphasize that the united states doesn t take a one size fits all approach to change in the region. and he s going to announce $2 billion in aid to help egyptian democracy take root. a tape was released that is bin laden speaking just days after his death. the speaker expresses support for the revolutionary change in the arab world. if. former imf chief dominique strauss-kahn will ask a new york judge to release him on bail. that s happening today. he is offering $1 million cash to be confined at
sitting for this. exxon made more than $10 billion in the first three months of this year. that s 70% more than it made a year ago. it easily beats what wall street expected. you know what, it shouldn t be such a shocker. it is the world s biggest publicly traded oil company. when oil spikes, exxon stands to benefit the most. in the first quarter of last year, the first three months of last year, look at this where oil has already been. the average price for oil was at $79 a barrel. the first three months of this year, oil is averaging $95 a barrel. today, the price is sitting around $112 a barrel. analysts say, guess what, it could be another banner year for exxon. we saw the same thing happen when 2008 when oil hit a record. so did the exxon profits. let me ask you what s posted on exxonmobil s log site. it says it makes more than two cents per gallon on u.s. gasoline. is that true?
in the meantime, the death from the quake and tsunami now over 10,000 with more than 17,000 people still missing. meanwhile the crisis in the middle east has prices near $105 a barrel today. and prices will likely be here for a while. economists expect prices to remain high, hovering around the $100 per barrel mark through at least 2013. before the revolution in egypt, oil was trading under $90 a barrel. so how much will these high oil prices drag on our economic recovery? and could it prompt americans to cut back or even rethink our approach to energy entirely? joining me now, an oil trader at the mercantile exchange. he s also author of this new book oil s endless bid. welcome, dan. what s the right way to think about these oil spikes? you ve been in these markets for years. it s not always just the supply and demand that it seems to be, there are other forces at work. in fact, there are forces