Oring lube and nitrogen use

I know there are plenty of lubes and it's not necessary to try and find some magical lube for regulators or orings, but I was thinking....I know, I know.

I use nitrogen instead of air in my airguns...so, does the lube matter at all? I mean no o2 to support detonation, so any lube that is safe for NBR etc would be ok, correct?
 
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