Is this possible?

Is this possible that a CD player (or DVD, or Blu-ray player) can stop reading properly the disc if the set of railings for the laser lens assembly is not properly lubricated?

Look at these two pictures here below, and you can see the metal tubular railings from the loading tray mechanism.
What exactly is the right lube to use for these?

Cool, thanks Amir!

Well, to update the latest developments here's some inside news!

* I talked to a Panasonic technician in Canada about a week ago or so (Rodolfo), and he said to me to never manually clean a Blu-ray laser lens! Only use a lens cleaner disc! A Blu-ray laser lens is much more sensitive than a CD/DVD one!
It has to be manipulated very gently with a very specific and unique way!
And he also told me that Blu-ray lenses eventually degrade (over time) in their ability to read Blu-ray discs!
...Because that is exactly what's happening with my particular BD player!
{I will get more info from here as I have to call him back in about a week or so.}

Meanwhile yesterday I brought my Panasonic DMP-BD55 Blu-ray player to an electronic technician here in Victoria, on Vancouver Island where I live. He will assess it and he'll tell me the cause of it's failed operation when trying to play Blu-ray discs.

Stay tuned there is much more to come; not only about this specific player but others as well...