Chain lubing shouldn't be a complex chemistry experiment. Here are 4 simple easy to follow steps to successful chain lubing / cleaning.

Step 1....Wipe the dirty chain with a rag. You can use a little bit of solvent of your choice or rubbing alcohol.
Step 2....Put a drop of oil in each individual link'
Step 3....Spin the cranks to distribute the oil through the whole chain
Step 4...Wipe off any excess oil with a rag.

Easy peasy, no need to remove a chain from the bike, no need to mix and boil dangerous chemicals and risk an explosion and fire.