Homemade Peanut Butter

Ingredients:
3 cups roasted and unsalted peanuts
1 teaspoon kosher salt
2 Tablespoons peanut oil

Directions:
Add peanuts and salt to blender and secure lid. Blend on Low speed for 15 seconds, then increase speed to High and blend for 50 seconds. Using spatula, move peanuts towards center of jar. Add oil and secure lid. Blend on Medium to Medium-Low speed for 50 seconds, then blend on Medium to Medium-High speed for 50 seconds.

Variations:
You can also make peanut butter without the added oil. Instead of adding the oil after the second cycle, simply blend the peanut butter for an additional 50 seconds on Low speed. Then continue blending for 2 additional cycles as directed above.

Found at http://www.blendtec.com/recipes/peanut-butter