Steps:
- In a large sauté pan heat 1⁄4 cup extra-virgin olive oil and 2 ounces butter over medium heat. Cook, stirring, until butter is lightly browned, about 3 minutes. Add 1 bay leaf and 1 pound medium whole cipolline onions, peeled. Season with salt and black pepper. Cook, stirring occasionally, until onions are browned and caramelized on both sides, about 12 minutes. Add 2 tablespoons sugar and cook until all granules have dissolved. Add 1 cup red wine vinegar and simmer until reduced com-pletely, about 20 minutes. Add 1 cup chicken stock, then turn heat down to low. Simmer until onions are tender and liquid is reduced by half. Remove pan from heat and finish with 1 tablespoon balsamic vinegar and salt and pepper to taste. Serve warm or at room temperature.
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