david newman is the executive director of the health care cost institute, the source of the study. so david, it was higher prices, not necessarily that we were using more health care services that drove that increase, is that right? >> that is correct. >> tom: so with that in mind, why, if demand hasn't moved, are prices moving higher? >> we really don't know why prices are going up. but they are going up rapidly. and when prices go up, total spending goes up. >> tom: you found, in fact, that the fastest spending increases were amongst the youngest patients, that seems counterintuitive, because usually we're spending more on heche as we get older and our bodies breakdown. >> yes, and this is of particular concern because if our expectations over the long run, bend that long run cost curve, if kids are at all ages more expensive, this is going to be very difficult. >> tom: so what kind of speculation might you have about why the faster increase that we're seeing on spending with the youngest patients? >> well, we don't speculate, but we do have some evidence having looked at these cl

we are taking a live look right now, and joining us is david newman. he is with those who are waiting. good morning, how are you? how long have you been waiting line? >> i have been here since 9:45 last night after a long day at l be here another two hours. some people may look at you you doing this? why don't you just have this shipped to your house? to dost of all, it is fun this. out and meeting new people. just spending the night outdoors waiting for a new bond. s isthe new phone -- thi nice for a change. >> tell us about the scene, what is this like? kind of waking up. this is very juxtaposed. >> i have to ask what you are most excited about. this is my first iphone. i would say, the camera. and the faster speed of the processor. those, for short. >> thank you so much for talking us. >> have a good day. >> president obama and mitt romney hit the campaign trail today. obama will be in virginia about hisking plan and how to the middle-class. aitt romney will be in nevad attending a rally tonight. >> checking the noose around french george county. --

david: this guy has skin in the game. what are they and how are they being developed. howard newman. pan brook ceo. >> great to be here. vid: we're all familiar what impact fracking had on natural gas. we have more natural gas than we know what to do with that we ca literally use. but it is the oil situation. fracking can be used to extract oil. will that be a big mover to moving the price of oil in the world? >> that's a good question. the potential for fracking of oil is immense. not appreciated in the u.s. because of fracking, fracturing technologies the past two years the united states increased its production of crude oil and natural gas liquids by 1.3 million barrels a day. by the end of this year it may be two million barrels a day. that is on a base of five. david: that is enough to move the price in the market? >> that is i am men's. it can -- immense. it can move the price in the market. liz: meaning more energy jobs available. what are the numbers? the obama administration said 600, 700,000 jobs could be created. do you feel that is a ballpark figure? >> that the number for natural gas, 600,000 is for natural