Port Wine Reduction

This is from "Emeril's Creole Christmas" It's here for safekeeping :)

• Ready In: 40 mins
• Serves: 4
• Yields: 1/2 cup

Ingredients

• 1⁄2 cup  chopped onion
• 1⁄2 cup  chopped carrot
• 2  bay leaves
• 3  cups port wine

Directions

1. Combine all of the ingredients into a medium sized saucepan and over medium heat, bring to a boil.
2. Continue to boil until the mixture thickens and reduces to about 1/2 cup, about 30 minutes.
3. Strain through a fine mesh strainer and let cool.
4. Use at room temperature.