Cut the peppers in half and clean out the seeds. Gently rub the peppers with oil. Place them on a baking sheet skin side up. Broil in center of oven. The skin will start to blacken and soften in 7-10 minutes.
Once the skins are blackened, remove from the oven and immediately place the peppers in a large ziploc bag. Close and let sit for 20 minutes or so (or until the peppers have time to cool and "sweat").
Once they have cooled you will be able to peel the skins right off. Tada! Roasted red peppers!