The development of EHL theory from its tentative beginnings is outlined, with an account of how Ertel explained its relation to Hertz contact theory. The problems caused by the failure of the early numerical analysts to understand that the film thickness depends on only two variables are emphasised, and answers of the form H = F(P, S) given. Early methods of measuring the film thickness are described, but these became archaic with the development of optical EHL. The behaviour of surface roughness as it passes through the high pressure region and suffers elastic deformation is described, and the implication for the traditional Λ-ratio noted. In contrast, the understanding of traction is far from satisfactory. The oil in the high pressure region must become non-Newtonian: the early explanation that the viscosity reduction is the effect of temperature proved inadequate. There must be some form of shear thinning (perhaps according to the Eyring theory), but also a limiting shear stress under which the lubricant shears as an elastic solid. It seems that detailed, and difficult, measurements of the high pressure, high shear-rate behaviour of individual oils are needed before traction curves can be predicted.