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Just tonight i was looking at my local walmart at the various oils. One thing i noticed was that while none of the high mileage oils were 'energy conserving' one that i found did carry the "SM" rating. That one being Castrol HM oil.
I've never used a HM oil, at least not one labeled as high mileage. My car is a 2001 so it has seen some SL oil. If my car started using a noticable amount of oil i may try the HM oils, but until then, i prefer regular SM oils.
If a thicker oil is what you want, try stepping up a level in viscosity. Regular dino 10w30/10w40 is likely going to be cheaper than HM 5w30. While i dont see anything wrong with the HM oils, and some with worn engines may benefit from them, but for the masses they seem to be designed more for profit than actual purpose.