I carry a tin of Burt’s Beeswax myself. I like the tingly peppermint; it’s like Altoids for your lips. <img src="/ubbthreads/images/graemlins/laugh.gif" alt="" /> I never really liked tubes of lip balm. Sometimes the base would rotate in my pocket, and when I’d go to use it, it would be all smushed and messed up. <img src="/ubbthreads/images/graemlins/crazy.gif" alt="" /> And with Burt’s, when the container is empty, you have a handy small little tin that’s great for holding small things in your kit like tinder, fishing hooks, etc.
I use it as a “food grade” rust preventative for some of my knives. Sometimes you see sellers of knives on eBay mention in their ad that their knife is “mint” or “minty fresh”, but mine really are. <img src="/ubbthreads/images/graemlins/laugh.gif" alt="" /> I also can use it to add to tinder if needed for firestarting.
i've been meaning to try my hand at making some fire straws with cotton balls rubbed with petroleum jelly.
You also might want to try adding some fatwood sawdust and/or magnesium powder to them too. That’s what I did with some of mine.
