Peanut oil, though it isn't the same. If you are making the sub because of a sesame allergy be really, really careful, though. Most nut oils are contaminated with trace sesame seeds and you are much safer using olive and canola. I accidentally caused someone to go into shock because of contaminated peanut oil :(
It really depends on what you're making - it's such a powerful, unique flavor that often really makes a dish, I don't know that there is a good replacement. Again, depending on the dish, it may be ok to leave it out though.
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