And if you really need to have a piece of your code execute really quickly, you can just make C extension that python can easily invoke.
Also one little hint: Use Cython for enhancements. Cython is great for implementing small enhancements when you don't want to hassle with refcounts and the normal Python API. Also your enhancements are automatically compatible to Python 2 + Python 3. You can also call C functions from Cython very easily for full speed. Cython is really great, when you don't need to optimize to the last nanosecond.