ok so normally this does mean the head gasket is blown.

specs on tthe car: 2001 auto v6

i was just wondering if there is a chance it could be something else other than blown head gasket.
perhaps a seal?

 

the only thing that runs through the heads is coolant so usually if you see white smoke thats a sign its burning coolant. If your getting oil in your exhaust the only thing i can think of is a piston ring letting go allowing oil to get in the cylinder

 

sounds like your gettin a lol blow by from the oil ring on your piston

 

that sounds easier than fixing the head gasket....

would that be the cause of the "lifter knock"?

 

i guess i should be asking, how safe is it to drive with this condition?

 

depends how bad it is and just so you know this is definitely not easier than a head gasket

 

I dont know how to judge whats bad and whats not. But for 10 minutes of running last night small enough puddle to fill up my entire hand with residue.

also, when I rev it sounds like the engine flutters for 1000-1500 rpms

 

In addition..

I just took it for a small drive in my complex just to see how it holds up.

Well...

The car shakes rather tremendously. It also feels like it struggles not to die out. Though, the RPM
does not appear to drop. However when I hit the gas the RPM increase but the speedometer
really does not go anywhere. It feels like its going normal speed with a lot of shaking but the
speed/tach will say something like 10mph/3000rpm

 

With enough blow by to make a puddle of oil, you sound in need of a rebuild, good luck

 

yeah your rings are shot. If i were you i would pull the motor and just take the shortblock to a machine shop to get new rings/bearings, should only be a couple hundred bucks. If you just take your car into a shop like it is now the repair bill will be nuts