Hot Dog Onions

2 tablespoons corn oil

1 extra large onion, thinly sliced

1 ½ teaspoons hot pepper sauce (such as Frank s RedHot®)

1 teaspoon prepared yellow mustard

1 teaspoon white sugar

1 teaspoon chili powder

1 teaspoon salt

¼ teaspoon ground black pepper

¼ teaspoon ground cayenne pepper

½ cup water

2 tablespoons tomato paste

Heat the corn oil in a skillet over medium heat. Stir in the onion; cook and stir until the onion has softened and turned translucent, about 5 minutes. Stir in the hot sauce, yellow mustard, sugar, chili powder, salt, black pepper, and cayenne pepper. Reduce heat to medium-low, and continue to cook for about 5 minutes. Stir in the water and tomato paste; simmer until liquid has reduced, about 20 minutes.