The Showcase Page template offers a featured slider for Sticky Posts. To use the template, create or edit a page, and assign it to the Showcase Page template from the Page Attributes module. If you’d like use the Showcase Page template on your front page, go to Settings → Reading and set the Front page option to Static Page. Select the page you just assigned the Showcase Page template to as your front page and then choose another page to serve as your blog page.
http://theme.wordpress.com/themes/oxygen/
Pages are static and are for content that rarely changes. They sit outside of the blog structure and you cannot post to multiple pages in any blog. There is only one main page for posts in a blog and all posts will display on the main blog page. There is no way to exclude posts from the main posts (blog) page.
The front page of the blog by default will display your posts (not pages) in reverse chronological order, with the most recently published post on top. If you do not want all the posts to show on the front page, then you can create a static front page “Welcome“ for your site and a “Blog” page for posts.
Choice 1 static front page
Choice 2 running page for all posts on front page
Which do you choose? It’s one or the other.
If you choose Choice 1 static front page then you have to create two pages as I said above. After you do that you go to > Settings > Reading and make the designation change and click “save changes”.