suggested Cameron was calling the Obama administration morons.

He didn't say who in particular -- BP executives or Obama-administration officials -- he was calling "morons" in a speech Wednesday at the All Things Digital conference in Palos Verdes, Calif.

"I was talking about the BP people, who were out at the scene, trying to control the leak. What I was doing -- it's a classic out-of-context kind of quote," said Cameron.