I love peanut sauce! Over the past 10 years, I think I have this down. So I’m sharing with you. But I encourage you to experiment. Use a combo of these ingredients to find the version you like: more creamy or spicy or sweeter.
Heat oil and pepper in sauce pan for 2 minutes. Let cool and drain out flakes. Add honey, chicken broth, and soy sauce. Mix well. Whisk in peanut butter and whisk till smooth.
This gives you enough sauce for about 3 meals. It keeps for a month. So make a batch and use it all month. You can thin it with vegetable oil to make a nice salad dressing for cucumbers.
I like to use the sauce tossed with:
Whole wheat spaghetti
Shredded carrot and cabbage
Topped with cilantro, green onion and chopped peanuts
The newest version has a hot pepper oil to add the SPICE. You can bypass the oil prep and use a tsp of chili paste, which I think has a sweeter taste.
Recipe adapted from http://asmallsnippet.com/2011/03/spicy-thai-noodles.html