Q: Oil in radiator on 2001 BMW 325i

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During normal oil service at Jiffy Lube, my mechanic was checking various levels and topping off. When he was checking the radiator he found oil in the water. I checked and sure enough it appears as if the engine is venting oil into the radiator from someplace. Any ideas? A mechanic friend suggested it my be an oil cooler gone bad. Any thoughts and if so any estimate on cost? The car doesn't smoke to I don't believe it is a head gasket.
(2) Answers
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Either the power steering oil cooler of engine oil cooler.
None of which i have ever seen leak through, best to have the mechanic look at it.
Surprised they didn't look into it.
Could also be a head gasket. Has to be leaking somewhere where oil and coolant come close to each other.
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