I usually skip the heat (I keep my shop at about 60degrees F). Shred the beeswax
(cheese graters are good for this), add the solvent of choice (I like turp).
shake. come back later, and shake again. repeat until beeswax is dissolved. Add
oil of choice (I've used BLO and Tung). shake again. If your shop is cool (not
warm), it will separate out into a thick syrup at the bottom, and a thinner top
layer. A simple shake before use mixes it all back up. If your shop is cold, the
bottom syrup layer will solidify, and you'll have to warm it up before using it.

-J