I've heard a concern with used motor oil is its potential for it to be aerosolized and you breath it in.
There are so many unknowns about cancer today. However, what we do know, is there are specific chemicals that will cause it, then there are so many more that are suspected to cause it.
I look at it this way, while using used motor oil as chain saw bar oil is not going to kill you directly the day after you use it. I'd have to imagen that It can be lumped into the pile as a contributing factor, like so many other things that we suspect that over time can cause cancer. If its easy to eliminate one of the contributing factors then why not.