A presidential panel investigating the Gulf oil spill says that the oil industry, Congress and the Obama administration need to do more to reduce the chances of another large-scale disaster.

That's the primary conclusion of the independent panel assembled by President Barack Obama, which released its final report Tuesday.

The commission recommends increasing budgets and training for the federal agency that regulates offshore drilling; increasing the liability cap for damages when companies drill offshore; dedicating 80 percent of fines and penalties from the BP spill to restoration of the Gulf; and lending more weight to scientific opinions by other federal scientists in decisions about drilling.

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