Could you please explain to me why i have oil--yes oil--in the tailpipe of my '93 miata? I noticed it last week, but it was not enough so i though it was condensation. Anyway, today, I saw a more of it. It seems to "condensate" within about two inches of the exhaust tip. It is clean around the muffler. I don't know what to think or where t start.
I have heard everything from cracked rings to cracked block to PCV valve to blown head gasket. It was 100* here today and it drove fine. It did not overheat did not feel down on power, no oil in coolant, no milky residue on oil filler cap. Any ideas?

