Step 1

Heat a heavy bottom skillet over medium heat. Add the butter and oil.  When the butter is melted add the potatoes and cook approximately 4-5 minutes.

Step 2

Add the onions and peppers.  Give it a good stir.  Season with salt and pepper. Stir occasionally for another 5 minutes until you begin to see the onions caramelize.

Step 3

Reduce the heat to low and add oil if the pan looks dry or the ingredients are sticking.  Continue cooking until you can poke through the potato easily with a knife and the onions/peppers are deeply caramelized.

Step 4

Serve while hot with eggs, pancakes or whatever breakfast suits your fancy!