Ingredients:

  Amount  Measure       Ingredient -- Preparation Method
--------  ------------  --------------------------------
     1/4  cup           butter
     1/4  cup           peanut oil
     1/2  cup           onion -- minced
   4      cloves        garlic -- minced
   1      cup           chicken stock
   1 1/2  cups          catsup
   1      tablespoon    Tabasco sauce
     1/4  cup           molasses
     1/4  cup           red wine vinegar
     3/4  cup           water
   1      tablespoon    liquid smoke
   2      tablespoons   Worcestershire sauce
   2      tablespoons   brown sugar
   2                    bay leaves broken in half
   1      teaspoon      paprika
   2      teaspoons     dry mustard
     1/8  teaspoon      thyme
   1      teaspoon      cayenne
   1      teaspoon      crushed red pepper
   1      teaspoon      salt
     1/2  teaspoon      ground pepper

Preparation:

In a large, heavy saucepan, melt the butter with the oil over medium heat. Add the onion, and sauté until slightly caramelized, about 5 min. Add the garlic and sauté another 2 min. Add all the remaining ingredients, raise the heat, and cook at a full boil for 10 min., stirring frequently. Reduce heat, partially cover, and simmer for 30 min., stirring occasionally. Sauce may be refrigerated and reheated when needed.