Add the peanuts to a food processor and blend on high.
The peanuts will go through several stages. First, you will see the peanuts look crumbly or starting to look like wet sand. Then, it will form into a ball. Finally, it will become smooth.
After 4 minutes, stop the machine and scrape the sides of the bowl. Add the honey and vegetable oil. Continue on high for another minute. Enjoy!