I couldn't leave it at that. I must have been out of sorts because I wrote that post while dialed into a business meeting that was, at that point, running over 2 1/2 hours.
So, it's amazing how refreshing a run and lunch can be.
I took apart a cap from the HK hot rod.
It appears to be a beeswax cap, but this one was marked with the shield. Here's what one of those caps looks like assembled and disassembled.
Try visualizing a paper in oil cap as like a fruit rollup. The fruit is the foil and the paper is the oil insulator.
This cap had tin foil, separated by a coating of oil, all rolled up and with the ends squished together. While squished together, the outside leaned to one side and the inside leaned toward the other side Each end was attached to a conductive substance capped by beeswax. The one marked shield was attached to the outer foil side, and the other one was attached to the inner foil side.
I can see how these would dry out over time.