John Juranitch in his book on sharpening postulates that the slurry formed by the oil and swarf acts like a pile of sand, and when you drag your knife through it, it degrades the micro edge. My stones get glazed when used dry. I wash the stones with a conical auto parts brush and USP mineral oil to break up the glaze. Then I squeegee the stone off with rubber spatula. When poperly prepared, the stone is reasonably clean and relatively dry (no slurry). I'm talking SiC, Al2O3, and micro crystalline quartz. Don't use oil on diamonds or water stones. My basic set is two triangular prisms with 3- 1/2X 2 1/2X 11 1/2" stones suspended over an oil bath on each. The coarse set up consists of a coarse SiC (Carborundum), a medium SiC, and a fine India (Corundum-Al2O3). The second prism houses a Washita stone, a fine Arkansas stone, and a hard black Arkansas stone. I have used this setup on Stellite 6B (Talonite) and 6K, CPM S30-60-90&110V, ZDP-189, Boker Cera Titan, BG-42, CM154, CPM154, ATS 34, and Buckcote blades with chisel sharpened coatings as high 92 HRC.