Ingredients:
2 cups water
3/4 cup light corn syrup
1/2 cup tomato paste
1/2 cup white vinegar
3 tablespoons molasses
3 tablespoons brown sugar
1 teaspoon liquid smoke
1/2 teaspoon salt
1/4 teaspoon onion powder
1/4 teaspoon black pepper
1/8 teaspoon garlic powder

Directions:
Combine all ingredients in a sauce pan and mix well. Over medium−high heat, bring just to a boil; lower heat and simmer for 1 hour, stirring occasionally.