I got some dried ghost peppers from India. They are really cheap but shipping gets you (http://www.amazon.com/Dried-Whole-Ghost-Chile-Jolokia/dp/B004HCBKJ2?ie=UTF8&psc=1&redirect=true&ref_=oh_aui_detailpage_o04_s00) - $0.19 per package plus $5 shipping. Got 3 packs! Ate a whole dried pod with a coworker. I had nothing to drink until it subsided but I was smoking and drooling a bit. My (lactose intolerant) coworker started pounding the coffee milk to kill the burn to no avail. Man he looked like hell an hour later! So I know they are hot.
I cut up 6-7 dried bhuts, added 10 smashed garlic cloves and a tablespoon full of peppercorns in 2 cups of vegetable oil. Put it on low to hang out for a while. The oil took on a roasted (rather than fresh) garlic flavor. I pulled the garlic out before turning up the heat a little to try to get more heat from the pods into the oil.
After cooling and straining I have 2 eight ounce condiment bottles. It's hot-ish but not nearly as much as I'd hoped. Good flavor. Added an additional dried ghost to marinate and add some extra heat over time.
Next batch should be with my own fresh pods at end of summer. If anyone has tips for getting more heat out of the (dried) pods please let me know!