This myth that oil can last forever is exactly that, a myth. In a few circumstances oil can be restored to like-new condition through reclaiming and/or additive reconstruction. Certain lubricants, like turbine oils, are far more suited to reclaiming than crankcase oils. Often, oil encounters enemies such as water, heat, metal debris, pressure and mechanical action that stress and oxidize it beyond repair.
Figure out how to relieve the oil from the enemies mentioned above, and you'll be amazed at how much longer your lubricants will last.