Cut the red pepper in half and remove seeds and stem. Brush both sides with olive oil. Place on a foil lined baking sheet.
Place oven rack 4-5" away from heating element. Place baking sheet in the oven and broil the pepper for 8-10 minutes, turning over about half way through. The pepper skin will char.
Remove broiled pepper from oven and let set for a few minutes until it is cool enough to handle.
Peel away as much of the pepper skin as possible. (Don't worry if some remains, It's all going to get pulverized anyway.)
Place pepper along with the remaining ingredients into a small blender cup and process until smooth.
Serve hot or cold. Keeps in fridge for about a week.