Re: Shelf life of Mineral Oil USP
It's essentially a petroleum product akin to wax so it should be relatively stable.
This is incorrect, or at least incomplete. Mineral Oil USP contains no anti-oxidants. It will oxidize in contact with air, forming a varnish.
One problem with varnish (oxidized oil) on surgical tools is that some hospital pre-sterilization cleaning processes assume that insufficient time has passed since contamination for oxidation to occur, therefore the cleaning process focuses on hydration and detergent action which may not have sufficient power to cut through varnish. I have less knowledge of cleaning processes in clinical settings such as dental offices where burrs may be used, but I'd assume that they are not likely to be superior to hospital practice.
Another problem with varnish is that, depending on how many water molecules have adsorbed onto it, it can be microscopically very sticky thereby holding contamination.
Mineral oil USP also of course is made up of carbon and hydrogen atoms, and contains no antibacterial functionality since it is USP-pure, therefore supports growth of bacteria that consume lipids. This particularly would be the case if other contaminants were present to provide the additional nutrients, i.e. phosphorus, etc., that a particular bacteria might need.
I appreciate the need to rustproof tools that cannot be made of non-rusting materials, and your goal of using a material that is patient-safe since your users may not have or understand an industrial-strength cleaning process with which to safely remove an "industrial" protective material. I wonder though if your mineral oil USP, after whatever period of time it may be exposed to the environment, remains microscopically sanitary and cleanable.
Even sealed oils do "sour" over time, and it's not decades.
Yes. The "souring" process is bacterial growth. Much less likely in a sealed container of Mineral Oil USP due to the (presumed) purity of the refined oil. Quite likely in free air, though, because of the absence of additives to prevent it.