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That is do to where the PCV valve is located. The crankcase ventilation system is unable to pull the normally occurring moisture from the area under the oil fill cap so it collects there as that thick slime. 90% of 4.7L's have that problem. It does no long term harm.

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Q: Why the cap of the oil of the motor 4.7 dodge ram 2003 looks like ii has water inside?
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