The oil prices do not play by the economics textbook rules because most of the world's oil production is controlled by governments and governments have a variety of interests and incentives beyond what a profit-maximizing purely economic agent might have.
Oil is nearly utterly irrelevant to electricity, however. Nobody sane produces electricity on anything but the most minor of scales using it, and given mass-market electric cars, it is never going to be able to compete on price with electricity. charging a 100 kwh battery pack from bone dry to full would cost an average of 12 dollars and change in the US. That is the equivalent of a gas price of <60 cents per gallon, and electric cars are a better driving experience. (well, a car with a 100 kwh battery back certainly will be. That's a lot of oomp.) ...
As per a recent comment this thread is meant to voice contrarian opinions, that is anything this community tends not to agree with. Thus I ask you to post your contrarian views and upvote anything you do not agree with based on personal beliefs. Spam and trolling still needs to be downvoted.