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Registered
Join Date: Jul 2002
Location: Southern California
Posts: 5,067
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It could just be condensation in the exhaust system that's being spit out when the car starts. Obviously there's no water cooling, so if it's not oil likely it's condensation. Even though it might be grimy, I suspect it feels less "slippery" than oil.
My $.02. YMMV.
Scott
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1984 Targa
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