Originally Posted by Doug Stirling
Steve, I would suspect that the aux drive belt has snapped or glazed over badly.
This grooved poly-V belt drives the power steering pump and water pump, and either of those could have siezed initially causing the screeching noise. If you had low power steering fluid, or a sudden loss of all the power steering fluid it may well cause the problem described.
Remove the top part of the black plastic cambelt cover to check the aux drive belt.
How would that have caused the oil problem etc etc? Esp as it didnt really have a water problem?
I checked the belts you can just about see without taking the covers off, and they all intact still, but others, dunno yet.