I was wondering if anyone can suggest a neat and clean way of having all my shop oils readily available for easy dispensing. Right now we get all our way oil and coolant in 5 gallon pails, and then pour them out. Has anyone ever seen some sort of a spigot system for these small pails so I can make a rack with all the pails on their sides, and simply use the spigot to dispense the product?

http://www.labsafety.com/search/spigot/35686/

I don't know if your pails have a 1-1/8" - 12 spout but you could transfer to HDPE containers - would also allow you to see the amount of oil left.

Aaron

This is the system we use. Works fine, but you will need a tray or something to collect the drips after use. It does require a transfer hassle. As Pastera mentions, you cannot see through most buckets, so if there were a spigot with a level indicator, that would be handy. Although, you would need an air breather in the upper part of the lid also.

Rack and Jug (http://www.labsafety.com/search/jug/35696/)

DC

In this thread I show a portable approach for oil dispensing.

http://www.cnczone.com/forums/showthread.php?p=272171#post272171

Not the cheapest but very convenient and much less likely to get contamination or spillage.