3/4 cup olive oil
2 fresh jalapenos, coarsely chopped, stems, seeds and all
1 1/2 teaspoons crushed red pepper
1/2 teaspoon salt
1/4 freshly ground black pepper
1 1/2 teaspoons minced garlic

Combine all of the ingredients except the garlic in a medium, heavy saucepan over high heat. Cook, stirring, for 4 minutes. Add the garlic, remove from heat, and cool to room temperature. When the mixture is cool, pour into the bowl of a food processor or blender and pulse several times until smooth.
I used 1 heaping Tablespoon to coat the shrimp in a fry pan, fry on both sides until done and shrimp are perfectly pink. Excellent on Scallops, Fabulous on Jumbo shrimp.