From the beginnings of machinery, there have been two lubes, great lubes. Castor oil and lanolin. One is from squeezing castor beans. The other is washed out of the wool of sheep (with alcohol as I understand) and sometimes called "wool fat." (it is).
History books say that WW I air fields smelled like a cheap diner because the only motor oil that would stand up in airplane engines was castor oil (then) and when it got hot and some burned... smelled like a fryer that nneded the oil changed last year. No pure food and drug laws yet...
The more modern might be a tiny bit easier to remove, but I got all suspicious (force of habit) when LEE started talking about how good their resizing lube is as a hand cream too... Just how did they get the stuff "white???"
Direct answer to your question: You are dealing with a natural fat --lanolin-- and another natural product --alcohol. The problem arises from the fact that alcohol attracts water and the water molecule "gets in the way" of bonding/dissolving the fat molecule.
What you need to do is find 95% pure alcohol... (absolute, 100% alcohol is EXPENSIVE). You might "get by" with the 70% stuff, but you want to remember the other 30% is water and we all know what happens to "iron based compounds" (like steel) around water. RUST!. Oh yes. On carbon alcohol is methol or methanol. 2 carbon alcohol is "ethyl," yup the stuff you can drink (IN MODERATION, PLEASE). 3 carbon is propyl. If the OH (oxygen and hydrogen) are on the end, propyl. If the OH is attached to the middle carbon, Iso propyl... Iso is cheaper, but the less water the better.
Shop around. Lanolin is used for many, many things. If you get away from the drug store and USP (pharaceutical grade) it is cheaper. And you want "anhydrous" (without water) or you are begging harder for rust.
Still about the only thing bullet swagers can make work well. One formula, listed on these boards, has 4 oz of castor oil, mixed into 16 oz of lanolin. (I am not at all clear if the oz is weight in both. I suspect the castor oil is fluid oz and the "pound" of lanolin is weight? Ain't arithmetic fun...) luck