Caramelized Pearl Onions

• 1 teaspoon olive oil
• 1 teaspoon butter
• 1 (10-ounce) package pearl onions
• 1/3 cup water
• 1 teaspoon sugar
• 1 tablespoon chopped fresh thyme
• 2 tablespoons dry white wine
• 1/4 teaspoon salt
• 1/8 teaspoon black pepper

1. Heat oil in a medium nonstick skillet over medium heat. Melt butter in pan. Add onions, and cook 5 minutes or until lightly browned, shaking pan frequently. Add water and sugar, and bring to a boil. Cover, reduce heat, and simmer 8 minutes. Uncover and cook 2 minutes or until liquid evaporates. Stir in thyme and remaining ingredients; cook 1 minute.
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olive oil, butter, pearl onions, water, sugar, thyme, white wine, salt, black pepper

Taken from www.myrecipes.com/recipe/caramelized-pearl-onions (may not work)