A universal synthetic water displacement multi-purpose penetrating lubricant product-by-process with the capacity to protect metal surfaces against corrosion, with galvanic and electrolysis protection, while providing excellent lubrication properties. The lubricant actively penetrates the crystalline surface of the metal while exhibiting extreme pressure lubrication, non-migrating with lasting protection. The lubricant exhibits dielectric strength of over 14,000 volts, at the same time cleaning electrical contacts while reducing resistance and associated heat. A preferred embodiment comprises polymerized alpha-olefins, K-1 kerosene, and at least one base oil selected from the base oil group consisting of hydroisomerized high base oils and HT severe hydro-cracked base oils. Various combinations of other optional ingredients are also disclosed.