The oil roller coaster ride of 2008 is over, and at least so far, things are looking a little steadier in the markets. As OPEC talks about more production cuts, prices have risen to $50/barrel. Several Asian oil buyers claimed to have received notices from the national oil companies of Kuwait and Iran, telling them to expect fewer deliveries this month, according to Reuters. While OPEC announced production cuts two separate times in November and December, the November cut has yet to take full fruition. OPEC said it would cut production by 1.5 million barrels a day in November, but production fell by only about 950,000 barrels a day, according to estimates from research firm Platts. While OPEC's production cuts will have an immediate impact on raising oil prices, it will not be as dramatic as the oil price peak of summer 2008. Lindsay Goodier, Online Editor, OilandGasInvestor.com