I definitely don't recommend using a HDEO 15w-40 in a new gasoline engine unless the grade is recommended (which very few new cars recommend) and you just don't want to spend a bunch on a synthetic.
Stick to the manufacturers recommendations/requirements at least until the warranty is up and use a good syn-lube.
I wouldn't use a mineral based PCEO though, be it SL or SM!
Are PCEO's more about CAFE issues? Sure, without a doubt.
Will a 15w-40 hurt a new engine? Well, if the temperature was cold enough, depending upon the engine is question...without a doubt! European gas engine manufacturers state that modern 15w-40's are good down to 15F or so, and I have no reason to think otherwise. Use a mineral based 15w-40 in very cold weather in a brand new "super-tight" modern engine, and you're beggin' for trouble...
Increased engine temperature and lower fuel economy is very plausible though in comparison to say a 9cSt 20 weight oil. The engine is being forced to run through a much thicker hydrodynamic film, and while this does provide much better protection (fluid film is always better than a mixed-film/boundary film), it's still much harder to "run" through than air...
In regards to a new vehicle, just run a top-quality PCEO synthetic lube (Redline, Amsoil, Mobil, etc, etc, etc...) of the "recommended" viscosity and you'll be set.
What kind of vehicle do you have?
What condition is the engine in (consumption, etc..)?
[ April 26, 2004, 07:50 PM: Message edited by: Jelly ]