.... . BUT,
I NEVER ONCE SAW A FAILURE THAT I COULD SAY FOR SURE WAS DUE TO BAD OIL or OLD OIL - or even to cheap oil.
Not once. No matter how bad or old it was or how hard it had been run or how burnt it smelled. I didn't even see the expected wear.
In spite of that, I put the best premium oil in my machines and always have. I haven't had any oil related problems either....but my experience makes me wonder.
Re oil change intervals: The oil companies would like to define all driving as 'severe use' needing frequent changes but that seems to me to be a waste of money, time, and natural resources.
When I was young and poor, well, also older and cheap

, we've generally had one car in excellent condition and then a second one bought cheap where we were clearly going to be its final owner. Best example was an old early Taurus wagon, the one that seated 3-3-2, for Older Daughter when she got her license at 16 and would be hauling friends around. (Also anticipating the chance of dents, but she never did). It looked nice but near 100k miles when we bought it. Oil change interval for that Taurus was after it had needed two quarts of top-up oil then was down again - so over 10k miles between visits to JiffyLube. We retired that one when its torque converter started grinding at 130k miles, which I've read was expected for those. It was a good first car for a kid. Cheap to buy, operate, and minimal depreciation cost over the years we owned it. Extended oil change intervals didn't seem to hurt it.
Likewise the 99 Subaru Outback we bought new. It's always needed a quart after about 5k miles, since new. Oil change interval is when it needs a second top-up quart. That car is semi-retired now, used for occasional ski trips or pulling the 4x8 trailer in harvest season, so it can be 2.5 years before an oil change. At 140k miles, fuel economy and oil use hasn't changed since new.
The 2005 Focus Wagon has never used oil since new. My usual waiting for a car to need a quart before thinking about an oil change, isn't applicable. I see the same engine in Europe calls for 10k oil change intervals but this one isn't down much at 10k. Nearly all its miles are the 100 miles between home and ranch so I don't think it stresses the oil like a car used for short trips around town. 10~12k mile oil change intervals hasn't caused problems.
In summary - I think modern oils are far better now and its reasonable to use the longest oil change interval found for any version of a specific engine. Also cheap (JiffyLube etc) oil of any major brand seems to be sufficient. Cars aren't like semis or tractors that run hard their entire life.