Because that is what I was running and it isn't there. You have to hit ctrl+alt+t to open a terminal. There is *NO* menu item or little icon or anything to see at all. Just goes to show how much you and tmsbrdrs know.
https://help.ubuntu.com/community/UsingTheTerminal/Why if I didn't know any better I'd almost think they didn't want their clueless users to open up terminals or something. They certainly make it hard enough to do.