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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 peopl...

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...

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...

>> 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 ...

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 stif...