Bring beer (or water) and spices to a boil in a 3 quart saucepan over medium heat. Cover and boil gently 5 minutes.
Meanwhile, mix dipping sauce ingredients and leave at room temperature while cooking shrimp.
Add shrimp to saucepan; return to boil. Cover, reduce heat and simmer, stirring once, 4 to 5 minutes until shrimp turn pink and are barely opaque at the center. Drain and serve immediately with the sauce.