going through a ton of oil
First thing I would do is convert to breather filters. Either by removing the PCV hose and sticking a breather filter on the end of it, or by removing the PCV hoses entirely and installing breather filters in the valve covers or oil cap. Cap off the port on the side of the intake manifold, or you will have a nasty vacuum leak

If your oil consumption stops or goes down significantly, you know you've found the problem. Pull off your TB and clean out the intake manifold with Carb and Choke Cleaner, it will be caked with oil from the PCV - mine was very bad. If it stays the same, then your rings are probably going bad.
Hope that helps.
the best way to combat your oil consumption is to switch to a thicker oil. mobil 1 0W-40, mobil 1 5W-40, amsoil 5W-40 and "made in germany" castrol syntec 0W-30 are all known to reduce or eliminate the LS1's oil consumption. when i bought my car, it had new "mystery oil" in it and it burnt about a quart of it in 3,000 miles. i use GC 0W-30 and burn very little in nearly 5,000 miles. most people will agree, including myself, GC 0W-30 is the best way to go, but it's only carried at some autozones, so if it is too hard for you to find, mobil 1 0W-40 and mobil 1 5W-40 should help quite a bit.
Engine has no blowby problems, and leakdown tests showed the engine to be in good shape. Last oil change I decided to try the GC 0w30 that everyone talks about. Didn't seem any different than the M1 other than the price. Oddly enough it has been 900 miles since the oil change and the dipstick still reads full. No more cleaning the rear bumper every other day! Catch can hasn't been touched since the oil change, and only contains a few drops.
However, engine noise is increased, and oil pressure has dropped

