Meanwhile, add the olive oil to a skillet set over medium-high heat. Add the peaches and sauté until soft and caramelized, about five minutes. Remove from the heat and add the bourbon. Allow the peaches to cool slightly and then add the BBQ sauce, chipotle chilies and adobo sauce, and honey to a food processor or blender. Puree until smooth. If the sauce is too thick add water to thin. Taste and adjust your liking. Reserve some sauce for serving later with finished ribs, if desired.