Distributor Oil Leak..."call me crazy"
Easy fix, the bushing on the end of the distrubutor shown above is broken. Someone replaced it ghetto style. Find another distributer at the junk yard and remove the bushing and replace it. should fix the issue... or solder a small tube to the weep hole, run some rubber hose back to your oil fill cap, and let it drain back into your engine (sarcasm)