This could also be caused by a clogged PCV system which is common on these cars especially the 7mge. Pull the oil fill cap with the engine running. If you have a lot of pressure comming out you probably have what is called "blowby". If you have much blowby it will push oil out of anyplace that doesn't have a positive seal, that could include the distributor shaft. If you have that much blowby, the rings are worn and the only option is to rebuild or replace the engnine.
If your sure that it is leaking around the distributor then replace the distributor gasket or O-ring. It could also be leaking oil out of the back of the intake manifold. Gasket or sealer may have moved while tighting the intake bolts. Could be coming from the oil sending unit behind the distributor too.
Either the distributor drive or the valve covers.
Heater core / hose leaking.
Because that is where the oil is coming from, it's nothing to do with the distributor. There are o rings between the valve cover and engine in each spark plug hole. It is good practice to replace all the gaskets at once, they come in a kit.
If the Coolent is leaking I strongley suggest you take the car to the dealer or a dealer to get it fixed because if it leaks more it can cause trouble.
Coolant leaking from the pump shaft.Engine overheating.Noise coming from pump.Coolant leaking from the pump shaft.Engine overheating.Noise coming from pump.
Check where this rusty water is coming from. There are many possible causes.
There many be minuscule holes in the floor or walls that are leaking water. If they are not visible, it may be because they are underneath or behind furniture.
located in the distributor itself, follow wires coming from coil to distributor
On top of the distributor. The thing with all the plug wires coming out of it.
It is important to keep fluids from leaking from a car. Excessive transmission fluid would be coming out of the overflow because there is too much fluid in the transmission, or because the seal has become worn.
Because it's leaking somewhere. Other than lines in the cooling system, head and intake manifold gaskets are a possibility.