Just found a post by seerdman titled "White Smoke During Hard Acceleration" That is the exact problem that I am having. Looks like I am missing the Turbo Drain Plug!! I'll have to find me one asap!!

DANG, I have the exact same problem on my non turbo V70. Missing turbo drain plug!! Where do I get one??

She is a non turbo with 183k on the clock. The hole is angled up and big enough to put my pinky in about an inch. I'll try to get a pic to post. Thanks for your quick response. This is driving me crazy. Other than that she purrs like a kitten.

I have a 2002 V70. I have oil leaking from the back of the motor above the oil pan and dripping and burning on the exhaust. It happens when the RPM's get up around 4500. I washed the back of the motor down, then took her for a ride. I got back and put her up on ramps and crawled underneath. It seems...