Ok, so I followed this chart and stepped up to 16ga wire when I set up my speakers over the 18ga I probably could have used. But here is my question, I usually see that Audioholics reviews are using something near 10ga wire every time! Is this just so they never exceed their wire capacity or just to satisfy people that are obsessed with huge wires.
It depends upon who you are talking about. However, you have given two motivations for it. Anyone who swaps out speakers a lot should have a wire gauge large enough for the lowest impedance speaker that will ever be hooked up to it. There is no harm in having a larger than necessary gauge, so using something like 10 or 12 gauge wire can be a reasonable choice in such instances.
And, of course, you are right that some people go with overkill, where they get something that they don't need, which is a waste of money. But, 12 gauge wire can be reasonably priced, so it isn't necessarily the case that much money has been wasted. Besides, if one chooses to upgrade one's speakers with something with a very low impedance, it would be nice to not have to also buy new speaker wire.
In the case of in wall installations, I would not go with anything smaller than 12 gauge for speaker wire, because changing it later if one selects a low impedance speaker would be too much trouble.
I'm sure there is a huge difference between the math for AC and DC but just the fact that I have some common knowledge and worked as an electrician for a year and the biggest wire I usually ran was 12ga, unless it was a stove, ac unit, dryer, etc... why does a speaker 10 feet away from a receiver need such a big wire?
It doesn't. You see, you are using actual knowledge, whereas most people select based upon mumbo jumbo BS. That is why there are exotic cables. Just follow the advice in the chart at:
http://www.roger-russell.com/wire/wire.htm
It will be big enough if one does that.
And also, what are you talking about that is DC? Power, in most homes, is AC. And an audio signal going to a speaker is AC. If we were talking about DC, you are quite right that it would make a difference in how big the wire needs to be, as with AC, there is a cooling off when cycling between positive and negative, whereas with DC, the heat is continuous.