This delicious recipe is courtesy of Michelle Bernstein.
Cook bacon and 3 tablespoons olive oil in a very large skillet over high heat, stirring frequently for 4 minutes. Add onion and cook for 5 minutes. Add peppers and cook for 5 minutes. Add garlic, habenero, saffron, and sherry. Let reduce by half.
Add evaporated milk to skillet and continue to let mixture cook until reduced by half. Add chopped cilantro and season with salt and pepper. Working in batches, carefully transfer mixture to a blender and blend until smooth.
Pour blended mixture into a large saucepan; add seafood stock. Cook over medium-high heat until heated through.
Heat remaining tablespoon olive oil in a Dutch oven over medium heat. Add clams, scallops, and jumbo shrimp; cook for 2 minutes. Add extra-large shrimp, snapper, mussels, and heated seafood stock mixture. Cook until shrimp is pink and shellfish have opened. Season with lime juice, salt, and pepper. Serve immediately garnished with cilantro sprigs.