Originally Posted by greenmeanie
Not trying to sound alarmist but the only time I have had a steering column that creaked, and I mean really creaked like an old door as opposed to have an "I've not been lubricated in a while" kind of squeak was on my 101. In that case the reason was a failed bottom bearing down in the steering box was allowing the end of the column to ride on the casting instead of the ball bearings. The final outcome was a steering failure, fortunately at low speed in my driveway. The reason it sounded like it was at the top of the column was all the bracing holding it in place made the bottom section stiff so it did not resonate.
If lubing the top end doesn't help it might pay to look at the bottom end. Make sure the bolts holding the steering box are still tight. Pull the side plate and check for water in the housing and then have a good look at the scroll and if possible the support bearings.
I think these tings are a pretty long shot but, if you haven't been in there before it is always fun having a poke around and seeing how things work.
Cheers
Gregor