Ingredients:
2 Tbsp oil
1/4 cup diced onion
2 cloves minced garlic
1/4 cup honey
1/4 cup bourbon
1/4 cup balsamic vinegar
1/4 cup dark beer
1/2 tsp chile powder
1 tsp dry thyme
1 1/2 cups ketchup 
salt and pepper to taste

In a heavy bottom sauce pan saute onion and garlic in oil for several minutes.
Add remaining ingredients and bring to a boil .
Reduce to a simmer for 20 minutes.  Yield 2 1/2 to 3 cups