Never mind which lube to use, how do you actually perform the task? I'm a bit new to the game, and am sure that I'm using (and wasting) far too much. The wrenches at the LBS told me to drip one drop of oil on each bushing. I try my best to do just that, but it's a bit tedious for the whole chain. And how do you keep track of where you started oiling so that you don't come back around and go overboard with redundant oil? It's not obvious to me from looking at the chain where I started lubing.
Do you just spritz a continuous squirt on the chain as you reverse the crank? That would seem to be even more wasteful.
What are the actual mechanics of your lubrication regimen? Enquiring minds want to know!