General Maintenance & Repairs - Oil coming out of the exhaust

The other night I started the car up in the garage to let it warm up and check all the fluids before going to meet up with some people for some runs. Well today I walk past the rear of the car to shut the garage and see this. It seems like oil is coming out of both, exhaust pipes. Can anyone provide some insight into this.

http://i1089.photobucket.com/albums/i350/CardellZ71/67e77f27.jpg

http://i1089.photobucket.com/albums/i350/CardellZ71/97766f9e.jpg

Looks more like carbon water to me. Did you smell it ?

If it continues to spit after fully warmed then its a problem. Should be normal though. Don't worry.

Ill check again tomorrow

I believe thats water. When its cold outside water accumulates inside the exhaust pipes, happens when the pipes cool rapidly. The water gets mixed in with the carbon deposits on its way out, hence the dark color. I believe oil would get burned up and come out as smoke and not actual drops if it was oil. Nothing to worry about.

Alright I kinda freaked out, really never gets to cold down here in FL. But thanks guys