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so I was under my truck (again) and saw a large leak of what to be oil on the left (pas.) side just behind the oil pan... now the last two times I changed it (most recently two weeks ago) I only got three or four quarts out. I had a major loss of power a few months ago, but it came back when I replaced a fried COP this month (took that long to fail enough to be diagnosed). What is this leak? I have heard people mention something like this for a blown head gasket, but I don't think I am missing too much oomph, if any. I checked the oil last week and I still was at the filled level, and I haven't done it again this week yet. Any ideas?
its hard to tell b/c its cold here, but I don't think there is any white smoke (no black smoke)... how do I tell if there is water in the coolant? (that reminds me... the COP leak caused me to leak some, so I should fill that back up...)
The oil would look foamy and the coolant would feel greasy. I've never use one, but maybe one of those UV dye leak detectors would help. http://www.autobarn.net/profuvleakde.html
The head gaskets on these do cause oil leaks sometimes. Usually you'll see oil right on or above the starter. It's usually the passenger's side head that leaks.
Usually they don't "blow" , they just leak oil to the outside.
Racerguy is right on the money. 5.4's are NOTORIOUS for this. The passenger side head gasket leaking oil in the rear outside corner, just where you are describing. Man, I hope it's under warranty. That's expensive!
IF it IS a head gasket leak, the contaminated oil will eventually cause engine failure. Best to get it checked out, that way you know what your options are