Thanks BigJim. The Oil level is fine. I have been monitoring this problem for a couple months now (although it's gotten much worse suddenly!) and have been changing the oil every couple hundred miles or so to get rid of the emulsification. I thought it was just condensation from the cold weather we were having, until last week I noticed the coolant level had dropped considerably and the blowby got much worse. I'm also spitting a lot of carbon from the tailpipe. The #2 cylinder looks good, no visible scoring and feels smooth to the touch. All the piston tops have carbon buildup, but none worse than another. I see no cracks in the cylinder head, even after cleaning. I am not sure how to examine the crankshaft. The only thing I see different is that, looking through the exhaust port at the exhaust valve for #2 inside the head, it appears to have much more carbon buildup than the others at the place where it comes out of the valve guide, and that carbon looks to be wet. Not sure what that means, but it's the only thing I see thats unique to #2. <img src="/forums/images/graemlins/confused.gif" alt="" />