C'mon guys get real. There are dozens of modern companies competing with each other using all the modern technology, chemistry, history and testing facilities they can buy. They are experimenting with every kind of petroleum distillate, vegetable and mineral products, synthetic and silicone products or anything else available and blends of the above. I imagine there are several or many products out there for about any gun or shooting application which will work better than whale oil. And, they are also going to be better or at least as good as a product made for another industry (like the auto industry).
This is an academic question anyway, right?
Best, Jake