ok, so is there a well known oil leak in L98s that would drip directly onto the exhaust right around where the passenger side part of the Y pipe meets the drivers side? its funny, cause i've gone under there, ive pulled the starter to get a better look at the oil pan in that area, i also changed my dist. gasket... this is such a stupid problem i would never ask a question like this, but i seriously cannot find where the leak is coming from, and because it leaks onto the exhaust it smokes like a mother.

 

Valve cover gasket....

Take the car to the quarter car wash, start out with a can of spray "Engine Degreaser" (diesel fuel in a spray can), then sterilize the hell out of the area in question with the car wash, drive it for a few minutes, and any oil leak will be immediately obvious on your newly clean motor. Remember, oil runs and drips downwards; so wherever you see it, follow it upwards, to the source.