Pulled the valve cover today anyone ever see this stuff?

In the past whenever I would see that, I'd ask the owner what type of oil they used-the answer would always be Pennzoil.
I'm not sure how far back that past is, but in the '80's, the answer was Quaker State. I'd pull the valve covers off of a 302 Ford, and the oil gushed out because none of it
could make it back to the pan! It looked like someone melted a box of candles over each head then bolted the covers back on! If I remember the API threatened to pull the
certification off of them because they were cheating on the additive/detergent package in the delivered product vs what was submitted for approval. The phenomenon just
magically happened to dwindle away, there is something to be said for oversight......................