BP oil spill creates long-term oil risk management issues

BP’s Gulf of Mexico oil spill forces risk managers to look at long-term margin costs and soaring oil prices post-2012

BP's Gulf of Mexico oil spill has not had an effect on short-term oil markets, but it will push prices and margin costs upwards from 2012 onwards, according to energy and commodities experts. Long-term regulation tightening could dampen supply from deepwater drilling, which is where most of the new oil supply reserves originate from, they say.

"The Macondo oil spill has a greater impact on oil than it has on natural gas," says Adam Sieminski, chief energy economist at Deutsche Bank. "New oil