The best way to protect a bore during normal storage is to run a patch with lube down the barrel a time or two, then let it spread for a minute.
Then run a dry patch through once and out the barrel in one smooth pass.
This will remove the excess oil but leave a very thin coat to protect.
In an emergency you can still fire the weapon safely.
However, it's always best to run a dry patch through the bore again before firing, making sure the chamber gets wiped out and dried too.
Read the above about "bolt thrust" caused by lubricant in the chamber preventing the case from momentarily adhering to the chamber walls.
The famed "Box O' Truth" has a nice test of the old story about lubes penetrating primers and "killing" the primer.
Nothing they tried affected the primers.
In any case, a few years ago the American Rifleman did an article on primers. They said that it is almost impossible to really "kill" a primer. As soon as whatever contaminated the primer dries out... the primer comes back to life.
Box O' Truth and "dead" primers:
http://www.theboxotruth.com/the-box-o-truth-39-oil-vs-primers/