"It's just one big explosion of black liquid that reminds me of a very freaked out squid."
Yummy boy, ever bothered (as a writer for a so called tech site) how a LCD is working? The liquid is transparent, it just twists the polarization of light based on a electrical potential applied with (thin transparent) electrodes. The "black thing" is just light polarized perpendicular (by the first filter) to that of the (second) polarizing filter, so it just does not get through... when there are no (spilled) liquid crystals to twist it.
Back to the topic, OLEDs are still life limited, compared to LCDs, and more so the lifetime varies depending on emitted wavelength (an old display will render wrong colors).
[citation][nom]cookoy[/nom]which consumes more power: OLED or LCD?- all other things equal (same screen size, resolution, brightness, ...)[/citation]
Power consumption of OLEDs might be sometimes higher (depending on the percent of surface lighted an intensity) than transmissive LCDs, due to their lower efficiency compared to LEDs (used as backlight), but an LCD backlight is always "full power". Reflective LCDs (w/o backlight) OTOH, consume almost nothing (the classic LCD wristwatch, for example).