From everything I’ve been learning so far this way of thinking appears to be flawed. The skin itself relies on specific oils and peptides to naturally defend itself against foreign pathogens. When skin is lacking in either of these, issues can occur. The malassezia has specifically been shown to feed off of oleic acid and several others. However, caprylic acid and decanoic acid have actually have been shown to exhibit good anti-fungal activity against malassezia. Here, is a patent that describes the whole oil thing in a little more detail.
The full ingredients list can be found on the product page. For reference it contains caprylic acid, decanoic acid, and vegetable glycerin. I’m also working on a second formulation with two other ingredients targeted at repairing damaged skin, but haven’t been happy with it yet.
Additionally the skin chapter of the book I’m working on goes into a little more detail on how the skin is supposed to protect itself. You can find the current version of that chapter on Google Drive (https://goo.gl/I3Orti).
In terms of acne, this is a whole different beast as the bacteria responsible for it are different. Will try to look into this in more detail to see how these fatty acids interact with them specifically. But, this formulation is meant to be as simple as possible, so that it can easily be integrated and/or added to peoples existing routines.
Hope that helps. All the best.