In a large skillet, HEAT oil; COOK crushed pepper one minute.
STIR in garlic and peanuts; COOK over medium heat, STIRRING constantly, five minutes.
REMOVE from heat; SPRINKLE with salt and chili powder.
DRAIN on paper towels; COOL completely.
Store in an airtight container. Teaspoon salt is not needed if using salted nuts.
Per Serving (excluding unknown items): 10367 Calories; 910g Fat (73.4% calories from fat); 459g Protein; 282g Carbohydrate; 167g Dietary Fiber; 0mg Cholesterol; 2532mg Sodium. Exchanges: 17 1/2 Grain(Starch); 57 1/2 Lean Meat; 1 Vegetable; 148 1/2 Fat.