Change the plug. The center electrode looks like it is rounded off. Rounded electrode produces a very weak spark, sometimes no spark at all. Plugs are cheap, if you get it at an auto parts store instead of a bike dealership. A slight oil smell is not that unusual, most vehicles used plugs will smell like burnt oil. There is no such thing as a perfectly sealed cylinder, there will always be a slight oil vapor come up from the crankcase or in through the intake valve. Your plug doesn't appear to have an abnormally high amount of oil fouling. It just looks like a worn out plug.

FYI, I have had my Savage for just over 7 years. It is on plug number 5 I think, but it has sat up for over 3.5 years. When mine wouldn't start, throw in a new plug. Would always fire off with a new plug. The Savage is a "lean burn" powerplant. Lean burn engines tend to wear out sparkplugs fairly rapidly. Lean fuel charge is extremely hot, and the heat is what erodes the electrode tip.
-WD

If your battery is good and hot, then the old plug should be the problem. BUT, before you put the new plug in the head, I suggest you test it. Hook the lead to the plug, use insulated channel locks or such to hold the plug against a cylinder fin, and have someone hit the starter button. If you don't have someone to help, you'll need to cable tie the clutch to the grip, otherwise the engine won't crank (stupid safety switch nonsense). The plug should produce a fat blue-white spark. If the new plug is gapped right and you get any other spark color, you need to do some further testing. But, my money is on the old plug.  My wife's 800 Intruder is the same way, once the plugs gets 6 months to a year on them, time for new plugs.
-WD

If You are changing the plug try iridium, I use a DPR9EIX-9, You would probably want an 8, the second 9 is just the plug gap it comes with in 1/10ths of a mm.

Clive W  

wow it seems like there is alot of different type of spark plugs i could use..... the only place i have local around here  is a checkers auto and some moped shop.......hopefully they have something i can use.

<The center electrode looks like it is rounded off. >

Man, you must have a great set of eyes!  I can't even see the electrode in that picture.

Being old sucks!

Lee

for future purposes here is a clearer shot

Much better picture.  Even I can see it now.

Is that a normal amount of carbon fluff for a Savage?