1. Preheat oven to 350 degrees F.
  2. In a large baking dish, spread the olives in one layer; drizzle with the olive oil. Bake for 45 minutes, stirring the olives at least 3 times. Remove from oven.
  3. Using a slotted spoon, remove baked olives from remaining olive oil and place in another bowl. Drizzle with truffle oil and sprinkle with crushed red pepper; stir to combine.
  4. May store in refrigerator until ready to serve. Bring to room temperature before serving, or serve warm.

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