If you decide to use a static page for posts and front page, this snippet of php is the loop for the blog listing.

wordpress.md

#WORDPRESS

##Blog List Loop

<?php if ( have_posts() ) : ?>

  	<?php twentyeleven_content_nav( 'nav-above' ); ?>

	<?php /* Start the Loop */ ?>
		<?php while ( have_posts() ) : the_post(); ?>

			<?php get_template_part( 'content', get_post_format() ); ?>

		<?php endwhile; ?>

			<?php twentyeleven_content_nav( 'nav-below' ); ?>

	<?php else : ?>
			
<?php endif; ?>