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A new report from a US Presidential commission has concluded that the Gulf oil spill could have EASILY been avoided. It says BP and their partners, Transocean and Halliburton, pushed their drilling operations further than their under-funded safety plans were prepared for. As one panel member put it, quote, “Our regulators were over-matched.” The commission recommends higher budgets and training for regulators.

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Thanks to the Gulf of Mexico oil disaster, BP has reported an all-time record loss of 17-billion dollars in the second quarter of 2010. Due to public and political anger over the spill, CEO Tony Hayward has been forced out as head honcho. Current executive in charge of clean-up efforts, Bob Dudley, will take the reins as the firm’s first non-British leader in October.

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The Gulf oil spill may be under control, but final capping methods have been delayed by tropical storm Bonnie. Ships working at plugging the leak permanently with mud and cement have been ordered to evacuate the region until the inclement weather has come and gone. Efforts could be postponed for anywhere between seven to twelve days.

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