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Oil Spill Commission: January 2011

Oil Spill Commission

Commish: Poor Management That Caused BP Oil Spill Is Industry-Wide


Transocean Deepwater Horizon drilling platform sinks during Gulf Oil Spill Disaster

The Deepwater Horizon blowout that lead to the worst oil spill in U.S. history was caused by poor management -- poor management that, according to the presidential Oil Spill Commission, is industry-wide.

The commission, which has released some of its findings on the causes of the blowout, says the blowout could have been prevented by better management by BP and its partners, Halliburton and Transocean.

"The blowout was not the product of a series of aberrational decisions made by rogue industry or government officials that could not have been anticipated or expected to occur again," the report reads. "Rather, the root causes are systemic and, absent significant reform in both industry practices and government policies, might well recur."

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Topics: BP, Gulf Coast Oil Spill, Halliburton, Oil Spill Commission, TransOcean LTD.