A quote from a wooden kitchen ware site. How do I care for my wooden kitchen ware?Rub a coat of peanut oil, mineral oil, or Finniwig Beeswax wood finish into the wood after washing. This will keep the wood from drying out and warping or cracking. Also the Peanut oil, mineral oil, or Finniwig Beeswax wood finish will not go rancid with time as other oils will and will not harm you when used with cooking. Caution when using other brands Beeswax finishes-they may ingredients that cannot be used on kitchen utensils.
I found more info on wooden instruments site (flutes) they use peanut oil. Many nut oils (walnut, tung...) are used in woodworking. I use tung oil all the time. But if we are talking peanut oil here some people have an allergy to it (when I use Tung oil my hands get red, but it goes away in a couple hours and it does not effect me once the piece is dry)
If you are not talking about peanut oil (I just google searched Arachis oil, that's what I came up with)...then this post is a waste of both of our time
Arachis oil is the oil extracted from peanuts. It is used in the form of an enema to treat faecal impaction. This severe form of constipation is common in the elderly and bedridden, and consists of immovable, compressed and hardened faeces in the bowel or rectum. Arachis oil acts by lubricating and softening the faeces, and promoting bowel movement.
May be you could use it if useing a dead centre in your lathe to lube that. To Google or not to Google Must be runny stuff..LB