2manyrocks,
Your not wrong in it being possible, so don't go apologizing for thinking it wouldn't work. Due to the other viable options, it may not be the fastest but probably just as good as any other with the proper experience and in the right hands. The temperature of gas welding is very close to the temp of arc welding, and the steel is the same, so the results can be the same with practice.
As far as oxygen mixing with petroleum products, it becomes explosive I believe, not flamable. This is not while the oxygen is being burned, only in a gaseous state of contact. So if the flame is burning, subjecting it to oil will just cause the oil to burn faster, as the oxygen is an accelerant.
Never mix petroleum products with oxygen or it's piping/fittings.
GTAW (tig) is one of the processes that is replacing gas welding. Coupled with a high frequency box, it will allow you to weld aluminum and that I know will harm onboard electronics even with the battery disconnected. I had a pinhole in a fuel tank and they hit it with a tig torch with hi freq. The truck refused to start again, and a bad brainbox was determined to be the cause. The truck was driven into the shop to fix a fuel leak, but wouldn't drive back out.
David from jax