I use whatever major branded oil is on sale by the case, preferrably with rebate: Valvoline, Havoline, Pennzoil, Kendall, etc.
I never actually read anything on it, but my dad told me about it, and as a mechanic, I take his word on it. If anyone really wnats, I'll grill him for the info, but, in something as important as oil, I better get what I need and what I pay for. So, that story left a bad taste in my mouth, so, no Penzoil, not now, not ever.
You've never read anything about it, because its probably not true. Pennzoil has a bad reputation among many mechanics and backyard grease monkies, I've heard some whoppers from numerous mechanics, due likely to this 'rumor' that began at least 20 years ago about Pennzoil containing paraffin wax.
The origins of such a rumor are easily imagined: back when high school career counselors were steering the most dim-witted students into automechanics, many mechanics learned through some means that Pennzoil was a "paraffinic" based oil. Being too ignorant to know better, they associated the word 'paraffinic' with 'paraffin wax', and imagined that this must be the stuff that Pennzoil is based on - wax.
We all can imagine what harm wax would do to your oil gallies, pumps, and other internals if it were poured into an engine, clogging it all up, and so that must be what Pennzoil does to your engine, too. I've even heard it told that Pennzoil was "in cahoots" with all the engine remanufacturers and parts makers to cause your engine to wear-out sooner so you'd have to have it rebuilt or replaced. Wow.
Its a great theory and all, except for one teensy little fact: every single conventional motor oil on the market is based on the same paraffinic base stocks that Pennzoil is. Valvoline: paraffinic. Castrol: paraffinic. Quaker State: paraffinic. You get the idea...