Thanks all!!
Finally made the big move: New engine installed. 1500$ outch! :'(
Actually, TWO cylinders where totally inactives! The oil pressure goes out thru those. That was the problem.

BTW, I know than denser oil is prefereable for my museum-of-corrosion-on-wheels but I still have to use lighter oil because the low pressure and cold weather (i'm in Québec after all) make my oil turn into molasses whatever the density it have normally.
Only one regret: That smoke screen effect was kind of cool! The guy behind me have to put his hazard lights on to avoid accident! Of course it surely piss him off but since he was driving a JEEP, he deserve to suffer!

Once again, thanks to everyone for your help!
