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I've seen a bad fuel pump cause this. Gas gets pumped into the crankcase, ignites, ballooning the valley pan, valves covers and even the oil pan. It you're running a mechanical fuel pump you may want to take a look at it. Does your oil smell like gas?



Now that would have to be some fuel-rich oil to do that !! PLUS ... oil diluted that badly .. the bearing would be hurt by that fact.



The only thing I could see would be A PCV valve gone haywire. I'm gonna get another one today. My Carb has no choke, Oil is crystal clear and does not stink.
This may have happened on a Drag strip pass, I didn't notice it but I haven't touched the car since early last week.

Gonna go parts store shopping to see who has a good looking PCV. Mine's a plastic Mopar one right now.

Don.