Oil Spill Report: BP no longer only skunk at the picnic

The government commission charged with the task of reporting on the Gulf spill has made parts of its report public, and it is a far cry from the media-fueled hysteria and demonizing that Ned heard during the spring and summer of last year. A MarketWatch 'take' on the report had this to say:
the report cites widespread “systemic” failure to explain the spill, which is a far cry from criminal negligence. Not only is BP no longer demonized, but Halliburton and Transocean are held to be culpable as well.
The report also decries the federal Minerals Management 'Service' for its deplorable oversight of the industry. In fact, "it pretty much points a finger at everyone mixed up in this disaster."
Now, Ned's friends will recall that he began to assail the hysterical media coverage of the event nearly as soon as it happened, as well as the hapless behavior of former Sneering Plutocrat CEO Tony 'I want my life back' Hayward, who is now overseeing some BP project, literally, in Siberia. And, he sadly noted the way that Obama assailed BP, extorting as much as $20 billion from the company's shareholders, a sum that Ken Feinberg,'czar' of the compensation fund, says may be too much by half.
But this hasn't stopped the media from trying to keep the pot boiling: a former Justice Dept official has been quoted as saying HIS 'reading' of the report holds BP liable for CRIMINAL prosecution, though even Ned's non-lawyer friends will be aware that if the government oversight body "signed off on(!)" the company's actions, there can be NO POSSIBILITY of criminal culpability--negligence, maybe.
But Ned's reading of the event all along has been that Transocean and Haliburton made gross errors as well.
And finally, a scientific study has reported surprise! that the light fractions of the oil, methane, ethane and propane were quickly gobbled 'up' by oil-eating microbes, much quicker than 'experts' had predicted.
Ned advises his friends to stay tuned, as the full report is due to be released next week. But he also notes that Credit Suisse has upgraded BP.