Caramelized Pearl Onions or Shallots
2 lbs onions(shallots or pearl onions work well)
1 Teaspoon butter
1 Teaspoon oil
1 Cup Madeira Wine
1 ½ Tablespoons Honey
¾ Teaspoon Salt
Boil the onions, without peeling, for 5 minutes. Drain and plunge into cold water. Then drain and peel. Pan fry the onions until they are slightly golden, about 5 minutes. Add Madeira, honey and salt—covering and simmering over low heat for 12-15 minutes. Simmer until the onions are tender then uncover and cook over medium until liquid is reduced to a glaze and is golden brown.