Slip Bearing Oil
Avid Slip Bearing Oil will blow you away from the performance gains you will receive by using it. Take our word for it, this is very expensive oil and has been through several 3rd party tests and it isn't even a competition against the other common light oils in the world. This Teflon based oil is designed to reduce metal on metal wear by reducing friction and will remove dirt while displacing other moisture to add protection from rust.
The Slip oiler pen gives easy access to bearings with a 1" (25.4mm) steel tip which is protected by the plastic cap. It holds 1/4oz (7.4cc) of oil which should last you well over a year of racing.
Oil can be used on wheel and clutch bearings. If you want to prolong the life of a clutch bearing Avid suggests that you blow out the grease of the bearing with an air compressor and use the bearings just like this for the first 1/2 gallon. This leaves a slight layer of protection to the bearing and then each time you take your motor out to check the clutch shoes, you should wipe down the bearing to remove any dirt collected on the outside and then add 1 drop of Slip Bearing Oil to the bearing before putting back into the clutch.