I NOTICED ON MY BOTTOM BAR WHAT LOOKED LIKE OIL. SO I CHECKED IT AND IT IS OIL, WHAT KIND OF PROBLEMS AM I LOOKING AT AND COULD IT BE SERIOUS.

 

Smell it, seriously, if you cant tell if its oil by that you may want to take a match nad some of the stuff thats dripping out and try to light it on fire, what im trying to say here is that its probably gas. The same thing happened to me on my 92 and I was pissed, It was coming right off the center of the bottom of the motor, until I figured out it was gas. Look for leaks in your carb, the gas just drips down the motor, my float bowl gasket was shot and it would pour out gas if i wheelied, just an idea,

Patrick