
Yeah, I think what has been said is right. The container does seem to break down over time. I have a feeling that the reason you notice this with air tool air is that for a home mechanic a bottle of air tool oil last a long time. A bottle of motor oil generally isn't going to hang around for years and year before getting used.
I suggest getting a metal oil can like a Plew's 50-509, just pour your air tool oil into it, its inexpensive, it won't bleed through and last forever. Its only $6.40
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http://www.sjdiscounttools.com/plw50-509.html
TheGrooveking
I have one of those... it doesn't bleed, but it does dribble! Haven't found a way to stop that yet.
I started using the PB brand air tool oil in the aerosol can for this reason. A 1.5" piece of an old brake clean spray hose works great for easy application into the tool.
It is odd PB doesn't include hose with any of their canned products...