Thanks for the responses. I just went and looked under and in the engine of my Jeep, and I am not seeing any other leaks. I also ran my hand over the drag link, and didn't get any liquid on it.
I did see a lot of grease on both ends of the drag link and also on the ends of the tie rod. Is this normal? Also, is there some kind of liquid inside of the drag link? I also noticed that something has been leaking onto the inner side of my passenger rim.
I didn't see anything above in the engine bay, and a check of the oil level showed safe. I also smelled the drop of black liquid, and it didn't smell like oil. I am really starting to get confused here.
Thanks once again