Does Emu Oil have any side effects? Well Emu Oil does have side effects, these may include...pain relief, soothed skin, healing of scars and a good boost of Omega 3, 6, and 9. Emu Oil has NEVER been related with any negative side effects at all. A good way to look at it is - Emu Oil is like a really healthy food, any way you can consume it, intake it, or rub it on will only do you good.