Place the peanuts and honey in the food processor. Process together for 3 minutes.
Scrape the side of the bowl.
Turn the food processor on and slowly add in the oil and salt (to taste), until the mixture is smooth and creamy. This can take 2-4 additional minutes. Keep an eye on the consistency, stopping when you feel you've reached the desire consistency.
Store in an airtight container. This recipe lasts a week or two in our house. If storing longer, keep in the fridge.