Damn! I didn't even know there was such a thing as 2 Ohm speakers. A quick Internet search showed that you are right; they do exist.
As for power calculation, the power is related to the square of the current. P=I (squared) X R. But actually, it isn't quite that simple for a speaker because some of the "R" is actually a reactive load (i.e. inductive).
As for compensating with the volume control, forget it. The problem is that the 2 Ohm load is going to look like damned near a short circuit to the amplifier. The finals in the amplifier might just overheat and you could end up with melted silicon instead of power transistors.
Another issue is the size of the speaker cables. If you don't use some incredibly huge gauge of cable, you care going to get considerable power loss in the cables. For example, lets say the nominal impedeance of your speakers really is 2 Ohms. Now suppose you have a mere 1 Ohm in your speaker cables. Ok, let's do the math, you are losing 1/3 of your power in the darn cables!
If it were my amplifier, I'd probably go shopping for 4 Ohm speakers. Alternatively, you might want to make sure you have about a 2 Ohm resistance in your cables and just kiss off half your power.