[Rangerscott]

Hmmm.....counter shaft seal maybe? Never seen one go though.

As stated before. ALWAYS turn off the engine if the light comes on. That light is NOT an oil level light. It is an oil pressure light. An engine can be really low on oil and still maintain oil pressure to what the sensor "thinks" is ok. My old engine in my vehicle had the light come on when we got it running from sitting for 5 years or so back when I was a kid. I didnt know that the rings would need to re-seat themselves and what not. Well coming home from school the light came on and I stopped. The damn engine was 3 quarts low and it only holds 4 quarts. Glad to say that engine lasted a long time before I retired it.