The year 2008 will be remembered for its oil price volatility. Crude prices have plunged by as much as 70 percent below USD 40 since reaching all-time highs of USD 147 a barrel. This marks the highest ever prices for oil, followed by the lowest prices in four years. OPEC ministers agreed on December 17, 2008, to remove an additional 2.2 million barrels of crude from the market starting in January 2009 the deepest single cut it has ever made  to little avail. The cartel also counts on non-OPEC members  Russia, Azerbaijan, Norway and Mexico  to compliment the cut by lessening their output. So is two million barrels enough? READ MORE