We've been talking this one over at work:

What is the best oil for chisels and whatnot? I use camelia oil, but it doesn't stand up to real wet jobs. Linseed oil works well, but is a little slimy. WD-40 stinks, as do all the other aerosols.

We figured some old timer must have a formula, one part pine tar, two parts, who knows what?

What's yours?

Thanks for sharing--

Zach