Combine first 3 ingredients in a large bowl; set aside.
Combine sugar, peanut butter, and oil in a large saucepan; bring to a boil, stirring constantly until sugar melts. Remove from heat. Add peanut butter chips to saucepan, stirring until morsels melt. Add to oat mixture, stirring mixture until dry ingredients are moistened.
Drop by rounded teaspoonfuls onto wax paper. Chill about 30 minutes or until set.
Recipe submitted by Joyce on 9/3/00