Raul CB750K1,
Perfect simple solution, wire the piezo across the oil pressure indicator lamp! I would still wire in a switch to be able to "shut it off".
I have a tendacy to over think a problem the first time around... Engineer thing. 
Scott
Well, I'm an engineer myself, but I guess I make true that old proverb that says "if you want to know if there is an easier way to do something, give the task to a lazy person". And I get a lot of tasks all the time....

My father used to get angry with me because he always said I was always trying not to work. I always said I just try to get the job well done with the minimum effort, there is nothing wrong with it. We spent a weekend diggind in our basemet to build a cellar. The second day I was just dead and told him we were going nowhere. He get angry with me and told me something like "now you engineer, tell me an easier way to do this". I pointed him to the wall that separated us to the garage: "let's tear that wall down as there is no plumbing or cabling across, and let's get one of those small caterpillars to do the digging inside. Tearing down the wall and building it up again -even when it was made of bricks- will be much less work than digging this". Of course he didn't follow my advice, he was such a proud person. We continued digging that weekend, and when he saw we had just dug about 2 feet, next weekend he tore down the wall....
Raul