Step #1 Over medium heat, melt the butter in a medium skillet.
Step #2 Add the olive oil & continue heating until incorporated.
Step #3 Add 1/4 tsp each salt & pepper & onions,stirring constantly, cooking until onions start to soften (about 5 mins).
Step #4 Mix in the sugar & continue cooking until onions are golden brown, frequently scraping the browning bits off the bottom of the pan (approximately 20 mins).
Step #5 Enjoy!;).
Step #6 **Quick uses include: serve over steak,chop & stir in the mashed potatoes, toss in pasta with Parmesan cheese, serve on crackers or bread with soft cheese,scatter over pizza,add to scrambled eggs -- etc.
Enjoy the Perfect Caramelized Onions (Easy & Versatile) recipe