[Updated at 12:12 p.m. ET] Here are the latest developments involving the BP oil spill in the Gulf of Mexico:
– Obama administration questions BP's estimate of oil spill rate: "BP has a financial interest in these numbers. They will pay a penalty based on the number of barrels per day," Carol Browner, Obama assistant on energy and climate change, said.
– BP Managing Director Robert Dudley said Sunday that after failing to plug the Gulf of Mexico oil leak, the next step is try to reduce the amount of oil spilling into the ocean while drilling a relief well intended to halt the leak by August.
– Dudley said that oil would continue to flow "for a while" from the leaking well, and the company would strengthen efforts to keep it from reaching Gulf beaches.
– President Barack Obama's assistant on energy and climate change, Carol Browner, said the oil spill is "probably the biggest environmental disaster we've ever faced in this country." FULL POST