You can guess all you want because everyone on the Internet is guessing. Most of the guesses I found were self contradictory and so worthless.
My guess is whenever they claim it's a "special" oil "Invented in 1914", they're expecting people to be stupid enough to believe that junk.
Nobody is that stupid. (Well, most people are that stupid, but I'm not that stupid.)
I'm sure there's /something/ on them though, as otherwise they'd be a felt sponge soaking up and retaining not only water, but acid, but as for a "special" oil, I suspect it's no different than any regular basic thin oil.
It's just an oil. What you need is anything but water.
Take a piece of felt and soak it in any "special" oil in your kitchen. Olive oil is what I'd use. Extra virgin is pretty special. First cold pressed is the most special of them all.
Darn. Now I let out the secret of my super secret "special" oil. :->
Certainly, and be sure to not reverse the felt washers by putting the green on the positive and the red on the negative. Doing so will certainly result in anti-depolarionization of accumulated non-ferrous lead isotopes.
So ask for the MSDS when you buy them. If there's no MSDS on them, they are likely pretty inert. If there is an MSDS, it will tell vaguely what they are impregnated with.
I haven't used the felt pads in years, though, just the spray. The spray seems to work very well.
Read the MSDS sheets provided by the mfg's. They are readily available. By US Federal code any substance that could possibly be a hazard to human health and or the environment must have a publicly available MSDS.
I used them once. No difference at all. I think I just washed the battery off with water, although I seem to remember someone saying that Coke would do a better job.
I once used a glass Coke bottle like a hammer to bash one of the cables on tighter, but I don't think that was what was meant.
I googled (almost 'till my fingers hurt) and could only find "special oils" which I've already stated is a euphemism for "nothing special about them."
This one just says it's "oil based" for example.
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I also found a few just saying "chemically treated" such as this ad.
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Hell, this one does _everything_ that one could expect a magic spray to do!
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As for the 1914 reference, I saw it in one of the Amazon ads for the felt pads, which was their way of making their special oil even more special.
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If you zoom over the package you can see where it claims that their oil is so special it was "invented" more than a century ago, where those kinds of claims _must_ work on stupid people (because they put them there to do that).
But if people are that stupid, then we'll never get to the bottom of this. Unless we figure out how "special" it is, my claim that extra virgin cold press (first cold pressed, actually!), is my "special" oil of choice.
Same with my grease. Whatever I have on hand is my "special" grease for the outside of teh terminals.
BTW, I'd love to be found wrong as I love to learn, but we've been down this road before where you look and look and look and look and all you find are contradictory claims for what is, in the end, likely just "regular oil."
I think the only purpose of the oil is not to make the felt act like a sponge to water and/or acid (but you can prove me wrong if you can).
Likewise, I think the only purpose of the felt itself is to act as a physical barrier to the acids that can leak out of the battery (especially on side mounted terminals where the post is apparently below the level).
But I'm ok if I'm wrong if someone can find proof that it is special and that the felt does all those magical things it's claimed to do.
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