That knob is your oil pressure sensor. it turns on the oil light on the dashboard.Here is a picture of the underside where the gas-like fluid is leaking:
Also, can anyone explain to me what the knob next to the blue circle is and what it's purpose is?underside
red circle is where majority of fluid is leaking from; a slow build of fluid that will...
Seems your worried about oil coming out the bottom of the engine. I have a suspician that oil coming down the stator wires, if its not traced back to bad seals, is being leaked from the starter. The Starter o-ring will allow oil to pass, then it drops down onto the chain thou that hole under the starter. I picked up a new o-ring, from Fastenal. then doubled it up.
Even if you look at my petcock posting I found doubling up allowed for a better seal in the petcock. Fuel doesn't usually end up on that side of the engine. so if the petcock is still original type of petcock,the test is with the bike off, pull the hose off the carb if it continues to drip, then the seal is leaking. (engine off)
Fuel in the H-Tube, has been my experience a bad floats. I am sure that is not the last word on the subject. I remember when I was fighting that, I would get it functioning at really late at night, then the next day the air boxes were flooded again. so the next time I pulled out the floats, and shook it, found it it had a pin hole leak.
Cold is not an issue.
carb diaphragm isn't an issue in a leak. symptoms of a bad diaphragm is when its running, and at what rpm/speed. since your not running, diaphragm isn't the starting place for an issue. (as long as there is no hole its fine. I did replace mine thou with one from this web site, also got the carb holder from here too.) http://jbmindustries.com/yamaha650.html
There is a considerable amount of gas in the H-vent leading to both air filters, as well as what appears to be gas (smells like gas, kind of feels like oil) under the bike, coming from two cables near the kick stand.
Any time you have liquid over something, it has a chance to drain down. So the H-tube is connected to the breather, which will send fuel into the oil sump. of coarse its filling up your airbox with fuel. With out taking off the chain cover, its hard to tell what is leaking Like I said there is drive sprocket, it has a seal, the clutch actuator has a seal, then you have some seals for transmission parts that don't leak without some sort of abuse. So like I said earlier. one of the leaks if neither the clutch/drive shaft is not leaking then its being dropped down though the hole under the starter. which means only way for oil to there is if the bike is running.
Not an issue. Provided your bike is using the vacuum petcock, unless the bike is running, its not drawing fuel anywhere. this bike doesn't have an oil choke. one thing I would suggest, is to use quality fuel. The cheap gas has ethanol, and as such in our bikes will block carburetor passages. I would use the cheap gas If I am driving daily. what would happen to me, is after 3 days of sitting around, I would have harder starting after day three. If I drive it regularly no issues. If you can find the fuel for classic cars, generally marked 100% fuel or ethanol free.Some info to keep in mind: the petcock was on Reserve for a couple weeks and the oil choke was pulled out to full choke for the same time (a mistake made by a frustrated past self that couldn't get the bike to start up); would this have any effect?
Hope that helps
Tobie