1 c. salted cocktail type peanuts
1 tbsp. peanut oil
1/2 tsp. salt

Place ingredients in an electric blender. Blend until mixture becomes paste-like or spreadable. It may be necessary to add more peanut oil. The ingredients must be blended for several minutes. Store in tightly covered container. Homemade peanut butter will separate on standing. Stir before using.