National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling Federal government officials and representatives of BP on the status of the spill and clean-up efforts, as well as from local officials, community leaders, and scientists on the economic, cultural, and ecological impacts of the oil spill on Gulf Coast communities and ecosystems. On October 6, 2010 the commission released preliminary reports criticizing the Obama administration for mismanagement of its response to the "Deepwater Horizon" oil spill. Amongst other things cited were, not being fully candid with the American people, and giving the impression of not being fully competent. On January 11, 2011, the commission released its final report, with
Economic effects of the Deepwater Horizon oil spill the total liability could amount to as much as by the conclusion of the disaster. Financial analysts commented that BP was capable of addressing the potential liabilities that might result, and BP stock rose slightly on the news that the initial compensation fund had been agreed. On 5 July 2010, BP reported that its own expenditures on the oil spill had reached $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. As of 1 October 2010, BP has spent $11.2 billion. As of March 2012, BP