How to Make It
Preheat the oven to 150° and position a rack in the center. Spread the olives on a baking sheet and transfer to the oven. Bake overnight, until the olives are dry. (Alternatively, you can also do this in a food dehydrator if you have one.)
Put the olives into the bowl of a food processor and pulse until finely ground. With the machine running, pour in the olive oil and Tabasco and mix until emulsified.