Water in Oil - Oil is milky.

[mneff1]

About 6 weeks ago, I was changing my oil and I was amazed and scared about what drained out of my oil pan. The oil looked liked chocolate milk. So I took the boat to the shop and then filled it up with oil to check the pressure in the heads. Everything checked out fine.

So next they ran is at the shop for 30 minutes. No water. Then they took is out to the lake to run it hard for 30 minutes. Nothing.

So they told me to run it and keep an eye on the oil. Sure enough about 4 hours after the oil change and running and skiing behind the boat the milky oil started to return. So I ran it a couple more days because the oil level was not changing. So I looked again and the oil was back to normal, no milkness.

So I ran it a couple more hours and checked the oil. The milkness is back and it looks pretty bad now. The oil level is still unchanged. I took off the oil caps where you pour in the oil and I noticed it was milky up there and there were globs of it that looked like grease texture.

What do I do next? Any ideas of what to do or what could be wrong. I'm praying the block isn't cracked.

Thanks,

Mike