Uncle Meat said:
Yes, Mobil 1 is a syn oil. Even though it's designed to go 5000+ between changes my car never makes it more than 2500!

I also suggest you use a QUALITY oil filter to go along with whatever oil you decide on. The stock Motocraft filters from your Ford dealer are actually one of the best. Again I use the Mobil 1 filter which is really expensive ($11) but it got high marks in testing. Try to stay away from the Fram filters. I've read too many horror storys about them.
U.M.
I prefer redline 5W-30 oil, just my hedge against track abuse.
the filter you want to use is the Ford Racing Hi PO filter. It is better than a K&N, what I used to use, for about the same price ~$11
if you know where to buy it.
call Steve at Tousley Ford 1 800 328 9552
order 2 so the shipping doesn't kill the 10% over dealer cost he gives us internet customers. This filter has features, that you will not find on any over the counter filter, they are solid as a rock and I will never use anything else, now that I discovered what the road racers use.
FORD RACING HIGH PERFORMANCE OIL FILTERS
Synthetic-Polymer/Cellulose-Fiber blend media
Heavy gage base and canister for higher burst strength and impulse fatigue resistance
High quality silicone anti-drain back valve
Non-stick sealing gasket for ease of installation and removal
Long life with standard and synthetic motor oils
Up to 50% more filtering capacity then standard filters
Improved filtering efficiency
This technology is only available through Ford Racing Performance Parts.