Water/Oil cooling

Hey everyone!

I thought this was an appropriate place to post this, so if it isn't then please re-direct me.

I was wondering if anyone could share their knowledge on water and oil cooling of computer components.
Water cooling I have some slight knowledge of, but I'd like to be more informed before making the jump into implementing it into my new system and oil cooling has just always fascinated me.

So does anyone care to educate me on the subjects? :)

Do you have any specific questions?

How it's all installed, how it works, pros and cons, cost, worth the hassle.

It's sort of a blank spot for me in my computer repertoire so I'm kinda like n00b to it, but any information would be helpful. :)

Here mikey check these two videos out, Tom goes into extreme detail on everything: https://www.youtube.com/watch?v=W6qpkigby5w

part 2: https://www.youtube.com/watch?v=GzBBjkIw7wU

In short. From my experience.

Watercooling a gpu and cpu with good temps isnt too expensive (250-400 dollars), using mineral water builds is cool when finished but can be really difficult to set up (mounting a mobo in a fishtank). 

IF your looking at doing this, and you are not much of a modder dont even think of doing mineral water, but if you an enthusist with some knowledge (prebuilt your pc) you can liquid cool your pc in a day (if you have all your parts).