Well, oil has become the new international "Dollar", so to speak.
And as long as the current technologies exist and require oil as it's basic component as well as the major provider of transport energy, it will be the "benchmark" for whatever "Dollar" is used internationally.
And because the rest of the world is in worse shape economically than we are, the US Dollar is stronger and worth more than any of the rest.
But . . as Bernanke and Obozo continue to print money (Quantative Easing or QE), our dollar becomes weaker, and the prices of oil and it's products will increase expotentially. It's just that as we devalue our money, it takes more of it to buy the same amount than it did yesterday . .
Mathematically, the only way oil will ever be worth $10 or even $50 a barrel would be for the whole world's economy to collapse and we all start over again . .
Or we all quit using oil and there is no more demand for it . .
And a note on Canada. In this morning's Bloomberg News, Canada is proposing to build two new pipelines to get their oil to both the Pacific and Atlantic coasts . . again, once they can get it on boats, the price will go up in the US . .