What happened to graphite ?

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What happened to graphite being used as a motor oil additive? I remember Arco using it in the '80s in one of their motor oils but I do not remember it being used anywhere else. I just checked and Arco is out of the motor oil business. I guess it closed up that part of the business when BP took over. I also remember using graphite being sold in small lubricant cans pre-WD40 and it helped my Pinewood Derby car win a few races.
 
Thanks. I experienced another instance when the search feature did not work; neither of those posts where found when I did a forum search looking at the past year.
 
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