Ignition/Tuner/ECM/Fuel InjectionNeed advice on ignition issues? Questions about a tuner? Have questions about a EFI calibration or Fuel Injection? Tips on Engine Diagnostics, how to get codes, and what they mean. Find your answers here.
The oil light is a pressure light, not an oil level light. If you are lucky, the sending unit is going bad. If you are unlucky, your oil pump is taking a crap.
When training as an engineer I was told the only thing a warning light tells you is that the bulb is working! Is oil returning to the tank when the engine is running? If you are not confident of looking further, contact a local indy or dealer. Even a short trip could do serious harm.