losing power while driving

What is your question?

I have a 2004 volkswagen jetta 1.8L turbo w/5-spd manual transmission. On several occasions I have gone out to start my car and realized the power to the car has been lost.(clock has been reset, trip odometer is at 0.00 and radio has been reset). But thats not the biggest prblem. At least twice while I was driving I lost power to the car. The engine just died, radio and lights turned off and felt like steering locked up on me, but just as soon as the power went dead it came right back on a second later. And I noticed EPC light flashed. I've read other peoples posts that are similar to mine, but in my case light doesn't stay on and power comes back right away Also believe my car is burning oil(gives off really strong odor) *friend told me car is burning oil* but when I check my oil it is always at normal levels. Was wondering if 2 could be related. I would really appreciate any help I can get