I read somewhere a few weeks ago that the drop in cost of oil is due to several new
discoveries of large oil fields which has convinced the drillers that there really is hundreds and hundreds of years worth of easy-to-access oil still left to us.
It's kind of silly to imagine a race of being going through hundreds of millions of years worth of liquid in a century.
Oh, and I'm pretty sure I saw $1.41 a few days ago.