FWIW the only thing oiling a chain does is stop it from rusting. An oiled chain is no more efficient than a dry one (provided they are both clean), not unless you measure down to hundredths of a percent (Bicycling Science).
Oils are better in wet conditions but pick up more dirt; waxes or dry lubes tend to stay cleaner but wash off more easily. Other than that, I really don't think there's a lot in it - it doesn't matter so much what you use, so long as you clean and oil it regularly.
To clean my drivetrain I:
Remove chain and drop it in a pot of diesel to soak (or your preferred solvent... diesel is good because it works very effectively, it's cheap, and it's also a light lubricant in itself... and unlike petrol, it's not flammable under normal conditions)
Scrub all sprockets and mechs with a stuff brush and hot water with washing up liquid
Very thoroughly rinse everything (to get the washing up liquid off)
Lube the mechs
Swish chain around until it's clean
Re-attach chain, lube with hypoid gear oil, wipe off excess
Then wipe down with baby-wipe and quick re-lube after every ride.
FWIW the only thing oiling a chain does is stop it from rusting. An oiled chain is no more efficient than a dry one (provided they are both clean), not unless you measure down to hundredths of a percent (Bicycling Science).
Oils are better in wet conditions but pick up more dirt; waxes or dry lubes tend to stay cleaner but wash off more easily. Other than that, I really don't think there's a lot in it - it doesn't matter so much what you use, so long as you clean and oil it regularly.
To clean my drivetrain I:
Then wipe down with baby-wipe and quick re-lube after every ride.