Having spent a "fun" weekend totally stripping down and rebuilding my 20 year old touring bike because the bottom bracket seized... and then I noticed the wheel axels were stiff... and then I noticed the headset was tight... I was wondering why grease turns into something resembling glue after a couple of decades. The bearings were all sitting in quite "tacky" grease about the consistency of impact adhesive.
The grease I was using to re-lube was Castrol LM, a lithium grease, which comes in a tub with a cover over the grease with a hole in the middle. You push the cover down to get some grease up through the hole. I had always assumed that was simply to keep the unused grease clean but I saw that the older smears around the top part of the tub (it's at least a decade old!) looked very similar to the stuff on my bike, no longer flexible and very tacky whereas the product under the cover was fine so I guess it's something to do with reacting to air.
Anyone know what's going on?