Good discussion here.
I was a "grease monkey" when I was a kid for a while, when I apprenticed in the Operating Engineers in the Bay Area.
Y'know...runnin the grease truck, with all the diesel, and hose reels of different types of grease across the back.
We used to hit the lines of 20-50 pieces of construction equipment, after they worked all day in the hot sun building huge housing tracts back in the '70s.
Uh Oh, I'm waxing nostalgic...must be gettin' old.
There are a lot of very knowlegable people here, concerning grease, and I know only a little.
Grease is basically oil and soap, mixed together. It is dyed different colors only for identification.
It is affected by heat, (pressure, friction) thus the different heat ranges, "suitable for high speed bearings", and oxidation.
Oxidation is what makes it plug your zerks, the oil basically evaporates from the grease, leaving the soap.
Folks here are right, frequent greasing is the best care for U-joints. We greased our construction rigs DAILY.
A nice cheap name brand NLGI #2 (recommended by FSM) is available at your local auto parts store on sale for $2 a tube.
I keep #2 in one gun (marked #2) with a felt pen, and molybdenum based grease in another (marked moly).
Everyone here is right, moly causes sliding, which is good for sliding joints like the birfield.
Here's a fun test for you pyros out there...put some #2 grease in a tin can, or other non-combustible container.
Now take your torch, and burn away the oil in it. What you should have left is melted soap, which will cool and congeal into the familiar feeling product we use daily (most of us);p
Just my $.02