Originally posted by MarkJerling You're right, of course. I'm only calling it chain oil by habit.
I use this stuff:
Professional Chain Lube - Fenwicks Bike Maintenance Products but I have no idea what's in it. All I know is it works and those skinny Ultegra 11-speed chains seem to last longer than when using other lubricants. Quite some Km's on this chain already and hardly any wear to the cassette and chain still well within spec.
Kudos, Mark, for going with Ultegra instead of Dura Ace. Dura Ace, and its counterpart in the Mt Bike groupo XTR, is a ripoff. The specs vs Ultegra don't come close to justifying the double cost.
Keep in mind, however, that stretch is not the only metric of chain wear. Sideplay is an issue as well but there is no standard as to how to quantify that. If shifting is suffering look to the chain as well as the cable and housing.
My all time favorite lubricant is Boeshield T9 (developed by Boeing, hence the "boe...". Once dried it runs very clean and, as a rust preventative for guns, knives, etc. nothing short of grease beats it.
Wow! I've been away from my bike shop long enough now that I'm starting to miss it just a bit. WHAT'S HAPPENING TO ME? MAKE IT STOP!