Changing the oil in your engine is one of the basic items of auto maintenance that should be performed regularly to prevent internal wear to the engine and keep it running for years to come. Make no mistake - neglecting oil changes will eventually lead to premature engine death.
Oil is required in the engine to lubricate parts that are in contact with each other. Pistons, camshafts, valves, etc. Without clean oil these parts start wearing away at each other, heat builds up, and in the worst case of no oil the pistons can weld themselves to the cylinders. An oil change is *much* cheaper than a new engine.