The document discusses the key functions and properties of engine oil. It explains that engine oil acts as a lubricant to reduce friction between moving parts, as a coolant to dissipate heat, and to clean the engine by removing dust and carbon buildup. The document also discusses viscosity grades for engine oils, with multi-grade oils rated using two numbers (like 5W40) to indicate their viscosity at different temperatures. Viscosity is identified as the most important property, as it determines how easily the oil flows through the engine. Formulas for Stokes' law and terminal velocity in relation to viscosity are also provided.