I use 30/70 mix of bearing grease/turbine oil that I get from work. I found an old thumb pump oil can at the dump when I was binning some old oil. Took it to work, cleaned, stripped and sprayed it red ~ it's ideal for applying it.
So long as you use it regularly, never let the chain go dry and use extra in wet weather, it's brilliant. I normally have to adjust the chain just once a year (10,000 miles), so gives me a chain life of about 70k/7 years.
You could probably mix something similar up yourself, using grease and a low viscosity oil (old engine oil?). As a guide, the stuff I use once mixed is the consistency of custard.
