As said, a flare-up is caused by the oil vaporizing and then igniting by being in contact with hot steel above 600-700°F (300-750°C). If the blade is submerged quickly and stays below the surface until it cools below 600°F/300°C and the tongs did not get red hot sitting in the forge, there will be no flare-up.
Causes of a flare-up:
#1 cause - Pulling the blade out of the oil too soon
Other causes:
Blade too hot
Tongs too hot
Insufficient oil volume
Partial blade submersion
Quenching too slowly
The big flare-ups as the hot blade enters the oil on FIF is not caused by the oil, but by something they float on top of the oil that is very volatile. A barrel of oil that big should not have any flare-up at all. I have never had anyone willing to confirm this. When asked about the oil, most contestants say, "It is some kind of fast quench oil." When asked if they get that kind of flare-up with their fast oil at home, they all say, NO.