Originally Posted by bmclaughlin807

The only time I saw motor oil seriously mentioned was an emergency case where someone had degreased a chain and forgotten to lube it and was running late, or something along those lines. I wouldn't even bother to try it under any other circumstances.
+1 Motor oil is a temporary solution when you don't happen to have an LBS or chain lube w/ you. Hell, you can squirt baby oil or olive oil on your chain and it'll work in a pinch, but it's not a recommended permanent solution.
BTW, did the motor oil stop the squeaking and creaking? If so, stop complaining, it did its job!