Homemade Lip Balm

Have been wanting to make some of this for awhile now.  Already purchased a dozen new, empty tubes on Ebay.  Today I found a very quick and simple recipe for homemade lip balm so decided to try it.  I did tweak it a little and have to say I love the outcome.  Here's the recipe...
UPDATE:  Have been using the lip balm for several days and my chronically chapped lips are about healed. :)

Homemade Lip balm

1/3 cup of canola oil (I used mostly sweet almond, little Jojoba and a few droppers of Argan to equal 1/3 C)
1/8 cup of beeswax pellets (or grated beeswax) I used organic cosmetic grade beeswax.

Peppermint or other essential oil for scent

Mix base oil(s) and beeswax. Microwave until the beeswax melts. I did this at 30 second intervals and it took about 1 1/2 to 2 minutes. Stir in essential oils for fragrance.

Pour into lip balm tubes or tubs and let harden (I used a small funnel).  Makes a great lip balm!  This recipe made more than 12 tubes worth.

Found the recipe and photo here:  http://www.homemademamas.net/