Yeah, stainless does rust too. Got spots on a nice, new utility knife...didn't dry it right away. Though I then wonder why stainless steel dishwashing sinks don't rust. Galvanized, possibly?

On the topic of oil, in the sword collecting circles, organic oils are avoided because of the concern that they will eventually go rancid and get smelly and whatnot. I stick to mineral oil. Though this may not be an issue if you're removing/replacing the oil daily. We're pretty concerned for our sheaths as well. You just can't get it out once it's in.

How do you remove it before you strop/shave? Do you bother? Seems weird to be shaving with an oily blade. Does it affect the strop performance in any way?

Is this in the wiki? Did I miss it?

Questions, questions, questions....