3 c. beef stock (3 c. water, 6 bouillon cubes)
1/2 c. sugar
1/4 c. brown sugar
1/2 c. mustard
1/4 c. white vinegar
1/4 c. liquid smoke
1/2 c. Worcestershire sauce
1 c. tomato paste
1 tbsp. chili powder
1 tbsp. crushed red pepper

Simmer for 2 hours.