Vegetarian Chili

3 Tablespoons olive oil
1 1/2 cups chopped onion
8 large garlic cloves, chopped
1 red bell pepper, diced
1 green bell pepper, diced
2 small can chili beans
1 small can kidney beans
1 small can black beans
1 small can diced tomatoes
1 T cumin
2 T chili powder
1 teaspoon dried basil
1/2 teaspoon dried oregano
1/2 teaspoon dried thyme
1 15oz can tomato sauce
2 cups vegetable broth
3 cups vegetable juice (V8 or something similar)
1 tsp sugar

Directions

Heat oil in heavy saucepan over medium-high heat. Add onions, pepper, and garlic. Saute about 8 minutes or until onions are translucent. Add beans, and seasonings. Stir 2 minutes. move mixture to pot, roasting pan, or crockpot. Mix in vegetable juice, broth, tomatoes, and tomato sauce. Simmer until thickened to desired consistency, stirring occasionally to prevent sticking, about 1 and a half hours. Season to taste with salt and pepper. Refrigerate until cold then reheat over low when ready to serve.