How this will work for you depends on your skin type.
I used this for quite a bit - at least 3-4 months, consistently - mixed with my moisturizer at night. Overall it really didn't do much of anything for my skin, acne or scars. My face was still just as oily in the t-zone and just as dry on my chin, so it didn't have the "balancing" effect on oil production that people claim it has (I don't really believe in that anyway...). It didn't make me break out more, but it didn't help either. I didn't like the way it felt on my skin either, it just felt so greasy and sticky. It only absorbed into the dry areas - the oily areas were just grease city. When I would lay down my face would feel sticky on the pillow, even thought I only mixed like 2-3 drops in with the moisturizer. I kept using it because everyone raves about it, but I eventually just stopped using it because it wasn't doing anything except make my face look like an oil sheet before going to bed. I'm much happier just using a regular moisturizer at night.
UPDATE April 2017:
I would just like to post a bit of an update on this, because the state of my skin has changed dramatically since I posted this. My skin is more normal to dry now, rather than super oily. For my current skin type, jojoba oil works really well. I use it as a moisturizer at night after showering, while my skin is still damp - I mix it with vitamin E oil. It absorbs really nice.
So, it honestly depends on the person and the state of your skin. If you have very oily skin, oils aren't going to have any kind of "balancing" effect - they will just make your skin look more oily. So, I don't think people should go in with the expectation that it will magically balance the oil production on your face, because that's not realistic (I learned that the hard way after months of trial and turmoil). But, like I said above, it didn't make anything worse or have a negative effect on my skin. However, if your skin is more normal to dry this oil is a great one to try. I don't know how it would work on it's own, but it works really well when mixed with other oils. It's much more thin than a lot of other oils (like vitamin E which is very thick), so mixing them together makes application a lot easier. Hope this helps whoever reads this!