Tomato & Olive Sauce for Pasta

Ingredients:
1 T oil
1 ea yellow onion, diced
3 bell peppers, diced
1/2 head garlic, peeled & sliced

2 12 oz (or 14 oz?) cans pitted olives
1 6 oz (or 8 oz?) can tomato paste

1 #10 can crushed tomatoes
2 t dried oregano
1 t dried thyme
1/2 C water
1 T salt
1 t pepper
1/3 C sugar

Method:
1. Heat a large saucepan over meduim heat, then add the oil and heat up
briefly. Saute onion & garlic for 5 minutes.
2. Add bell peppers, olives and tomato paste, stir and cook for 3 minutes more.
3. Add water, salt and pepper, crushed tomatoes and herbs; simmer 20
minutes more.
4. Add sugar and taste for seasoning.