Can I save peanut oil from turkey fryer after rain? I just fried my first turkey and left the oil outside to cool. While we were inside enjoying the turkey we realized it had been raining for a while. I didn't have a lid on the pot. I was planning on filtering the oil and storing for later use. How bad will it be to reheat the oil with a bit of water in it?

UPDATE: I should have given more information about how much water may have entered the pot. It was probably raining anywhere from 2-4 minutes by the time I went out and covered the pot. The oil was still over 200 F at this point. I wouldn't think that much water really made its way in. Also, wouldn't any rain water that hit the oil have immediately evaporated?
Generic, short answer, just to make sure a potentially dangerous state of things is not left uncommented.

Certainly unsafe for deep frying at that scale unless you can guarantee you got all the water out - any water separating out tends to collect at the bottom of the vessel, where it can boil suddenly when the setup is heated again, propelling hot oil out of the vessel. Hot oil being propelled in any way is usually very unsafe.