Melt butter in olive oil. Add all other ingredients except shrimp. Let sauce stand for at least 15 minutes and up to 2 hours.
When ready to cook, add shrimp to skillet and cook for 10 to 15 minutes or until they are pink all over, stirring often.
Divide shrimp among individual bowls. Pour sauce over shrimp and serve with French bread for dipping.
Makes: 4