As the guys suggest, you must be dumping oil by the newtime! What carbs are on the car, how long have you had the car? Has somebody blocked off the vacuum lines from the carbs to the crankcase pipe?
When trying to find a splutter on my 73B last year I temporarily blocked these lines [just before the met the Y junction] using two chunks of dowling. I immediately found the source of the splutter, the rocker cover gasket was not sealing, ditto the oil-filler cap. I'd been sucking way too much air [and oil pick up] at higher revs [which coked up the plugs incidentally]. Removed dowels, fitted new gasket,and oil cap and I was back to good CO/CO2readings at higher RPM, no splutter, and subsequently passed AirCare with flying colours. I also reduced the rust protection mechanism referred to by a considerable amount!! Hope this helps, Cheers - - - - - steve
To a man equipped with only a hammer, most problems look like nails