Yes, any vegetable oil will work as chain and bar oil. Canola, soy, and other cooking oils are thin and spin off the chain quickly. If you're cutting small diameter material or not cutting for a long time, or using a short bar and a low power saw then these light oils work fine. If you're using a larger saw with bigger blade, running high chain speed pro saws, or quickly cutting large diameter material then your chain and bar will not be sufficiently lubricated and will heat up. The chain may stretch and the bar edge gets worn and deformed. I address this by mixing about 10% expensive castor bean oil with the cheap soy oil with excellent results.