Yep, and apparently this is what ballistol smells like to some people, most however (me included) think it just smells bad.
Ahh found this with a quick search. http://accurateshooter.wordpress.com/2008/05/21/sources-for-ballistol-lube-and-mysteries-revealed/
Q: Whats Ballistol made from it smells funny?
A: Ballistol is made from medical grade mineral oil, alkaline salts of oleic acid, several alcohols, Benzyl Acetate and oil from vegetable seeds. The smell comes from medicinal Anethole oil, which is derived from the Anise plant. Ballistol is biodegradable and non-toxic
Just so you know the main reason I stopped using it on important stuff is that the two FACTORY SEALED metal cans I had kept in my garage rusted inside, and not just a little bit either. I grabbed an unopened and still sealed can of the stuff and shook it up to make sure nothing had seperated while it was on the shelf for a year. The outside of the cans looked pristine aside from some dust. When I poured it out it was an opaque orange color, clean ballistol is a clear, light honey colored liquid with no solids in it. All I can figure is that the alcohol attracted some water and it ended up forming a fine rust emulsion from the metal can's walls. Not quite sure how that works with a totally airtight, sealed can but I have no other answers here![]()
Yep, anethole oil is licorice smelling.
"Alkaline salts of oleic acid" = soap. (!) "Oil from vegetable seeds" may be the reason your cans went bad. Depending on 'which seeds' they used, these oils may be subject to oxidation, ie go rancid, with the generation of organic acids. Normally the "alkaline salts" would neutralize any acid but there appears to be more oxidizable oils than alkaline salts so, over time, the oils will deteriorate, and generate acids which will attack the can, causing rust.
This is consistent with the claim to be 'biodegradeable'. Most oils are biodegraded via oxidation, UV light, or bacterial action and break down into smaller, more chemically reactive chains, which may the be easily consumed by bacteria/fungi in a landfill. But in the can there arent many bugs around to eat them, so they react with the can, and each other, making a nasty goo.
Of course, if the alcohols did absorb some water, that would make the problem worse. I see you're from Florida, so your garage gets pretty hot in summer (?), and heat will accelerate the problem, too.
Sounds like ballistol needs a "store at room temperature" caution and a "use-by ..." date.