Luke Reidenbach


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The Cost of Risk in the Oil Market Article
Crew members with Anadarko Petroleum Corporation work on a drilling platform on a farm near Mead, CO. If policymakers in Congress and the Obama administration manage to reduce our country’s dependence on oil, the cost of oil's risk premium to consumers could be spent on other things. (AP/Ed Andrieski)

The Cost of Risk in the Oil Market

BP says it is “self-insured” for the costs of the Gulf Coast oil disaster, but businesses and consumers ultimately pay that risk premium every day to oil companies, explain Christian E. Weller and Luke Reidenbach.