Page 4 - David Teper News Today : Breaking News, Live Updates & Top Stories | Vimarsana

change the cost to you for a gallon of gas. if you don't think you're going to see $5 a gallon by summer, the iranians may be telling you to think again. oil prices rose monday to a nine-month high after tehran announced it was cutting off oil exports to britain and france, threatening the same to six other european countries. oil is iran's lifeline. it makes up for 80% of all its exports with the top customers being china, which gets 22% of the crude, the eu, which takes 18%, then japan, 14%. india, 13%. and south korea, 10%. so if those are the customers, why do we care? most of ou...

the new threats, the new fears, and how they could dramatically change the cost to you for a gallon of gas. if you don't think you're going to see $5 a gallon by summer, the iranians may be telling you to think again. oil prices rose monday to a nine-month high after tehran announced it was cutting off oil exports to britain and france, threatening the same to six other european countries. oil is iran's lifeline. it makes up for 80% of all its exports with the top customers being china, which gets 22% of the crude, the eu, which takes 18%, then japan, 14%. india, 13%. and south korea...

And they think they've got a good issue. >> speaking of folks that have gotten around regulation, hedge fund managers and people making a good deal, we had a story on the "today" show, we've seen these numbers, $4 billion for david teper, $3.3 billion for george soros. >> a couple guys below a billion. >> sad. >> what do they make? >> i guess that's the frustration, i think, that the public out there doesn't -- wouldn't mind if these guys were making all this money if they made something. >> right. >> i think the frustration about this these hedge funds is they don't make anything, do they? >>...

And while 2009 was a tough year for millions of magazines "ar" magazine reports the recession was over early for hedge fund managers, who had a record year. get this, the top 25 managers made over $25 billion. profits driven at least in part by the government's bailout of big bank. >> they saw that the government was not going to let most of these big banks fail. and they went in and boit the stocks at very low levels. and they -- those stocks just continued to go up all year long. >> reporter: at the top of the heap, david teper, who earned a staggering $4 billion. >> tepper was the bravest o...