Moderately entertaining B picture, "The Price of Fear" embodies several noir elements, but plays as little more than a made-for-television crime drama. A hit and run sets off a chain of events that include murder, blackmail, double-cross, bribery, and theft. A late-career Merle Oberon stars as Jessica Warren, a successful financial advisor who makes a fatal mistake. While an unexpected turn offers her the opportunity to blame someone else, by implicating another, she inadvertently provides an alibi for murder. In her mid-40's, Oberon retains her beauty, although her confidence must have been faltering, because the other characters are obliged to throw compliments her way. Casting the eight-years-younger former Tarzan, Lex Barker, as her love interest, was even more flattery to an aging star. Barker's character is not the brightest bulb, and the 6'4" blonde hunk falls for Oberon's icy charms and easily into her duplicitous trap.
Engaging a voice-over introduction and employing Irving Glassberg's crisp black-and-white cinematography, director Abner Biberman and writer Robert Tallman construct a decent, if unexceptional, mid-1950's film noir. Oberon and Barker are ably supported by Warren Stevens and Phillip Pine as gangsters and Charles Drake as a police sergeant. While the roles are undemanding, the cast is creditable for the material.
Fast moving and relatively taut, "The Price of Fear" has the usual plot holes and an unconvincing romantic angle that seems to develop overnight. However, the twists are enough to keep viewers' attention and provide 80 minutes of entertainment for fans of Oberon and Barker and for less-demanding film-noir enthusiasts.
