Higher Oil Prices because of Gulf spill?

The Us Government slashed its forecasts for production in the Gulf of Mexico by 6.1% yesterday. The Department of Energy said in its monthly short term outlook that prodcution will fall by 26 000 barrels a day in the 4th quarter and and 70 000 barrels per day next year.. This decline will come in a time that the US economy should rebound which can be very supportive for Crude prices.. In our own portfolio I am positive about our core enery holdings. i.e Gulf Port Energy, Contango Oil & Gas and Canadian Resources..

I have a lot of questions regarding BP and buying the shares now.. It is a higly speculative idea and BP shares might end up being a falling knife.. so beware.. A safer idea for me would be to purchase BP debt, the changes of BP defaulting on its debt is very slim..