Ah, the old oil debate. I have used Mobil 1 in my RSX since the first oil change, and now with 58k miles, there is still nary a sign of a leak. I used Mobil 1 in my 91 SE-R with 120+k miles on it. That car always seemed to have small leaks around the valve cover, so when I did replace the gasket, inside it still looked like a new engine. No buildup or sludge whatsoever.
Having said that, I am sure there is something to be said about the more expensive oils being better performing and longer lasting. I have used Redline transmission fluids and always felt a "slicker" feel to the shifter.
There is a lot of marketing might as to why Mobil 1 is the factory fill for so many performance brands. Cost for the manufacturers, cost and ease of aftermarket availability and reputation are probably right up there or above performance in the equation.
I use Mobil 1 because I know it is a good quality, and its usually the least expensive of the "brand name" synthetic oils at Walmart. I like to change my oil often (probably much more the necessary) so the cost is an issue. However, using a synthetic vs conventional will provide better protection.
A few interesting tidbits I learned in the auto repair industry industry. First off, GM licences the Dexos moniker. For companies to put Dexos certified on their products, they have to pony up a hefty sum to GM for that right. Mobil is one of those companies. Valvoline for example isn't, but their synthetic blend actually meets the Dexos technical requirements. They just did not want to pay GM for the label on their bottles.
Also, Mobil is an oil producing company, which means they are actually pumping the oil they use in their products. All of the small companies, and many of the large ones as well ( like Valvoline ) for instance do not produce oil, so they purchase all their base stocks. Quality arguments go both ways naturally. However, its a reason you probably wont see a company like Mobil using recycled oil in their products, and why Valvoline will for instance
