This has always been a debated topic! I started using oils years ago (Buck oil and the like)
If your hone (any hone) comes to you pre-soaked in oil you're going to either have to use oil or go through the mess of boiling the stone to be able to use it dry or with water.
I have been using all of my stones DRY for many years (india hones, soft and hard arkansas, and black hard and translucent arkansas)
I stop occasionally and wipe the fines and grit off with a damp paper towel, and when the job is done, I scrub the hones off with a wet paper towel.
This method eliminates the mess involved with oil, does not show any more wear and tear, and gives me just as good a result as with oils.
When the arkansas hones start getting too smooth, I lap them with water on a coarse diamond hone(8") which trues them up and re-establishes the "bite" that I like a hone to have.
Godd luck,
Thomas Zinn