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The real reason that you see oil around the base is that the oil seals around the valve cover are hard and are leaking into the plug holes. You need new seals on the cover on all plug holes. They are tough to pul out of the cover, so be patient. I had the same issue, I thought I was burning oil, but if the insulator is a nice whiteish/slight grey color wihtout pits on the ceramic insulator, you are right on with the burning.
Chris
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