In a large saute pan, cook bacon over medium heat in olive oil, until fully cooked and reddish-brown in color. Remove bacon from pan, but leave three fourths of the rendered bacon fat in the pan.
Add quartered Brussels sprouts and sauté in bacon fat, until nicely browned, (4-5 minutes before stirring). Add remaining ingredients and reduce heat to medium low. Continue cooking until Brussels sprouts are tender, and liquid has been reduced to a nice even glaze (5-8 minutes).
Fold cooked bacon back into sprouts, and season with salt and pepper.
