1. In a small bowl, combine olive oil, garlic, basil, oregano, red pepper flakes, salt and pepper. Mix well to combine.
2. Let mixture sit for at least 30 minutes to allow flavors to meld together.
3. When ready to serve, pour olive oil mixture into a shallow dish.
4. Drizzle with balsamic vinegar for an extra kick.
5. Serve the olive oil dip with a sliced French baguette for dipping.
6. Enjoy this irresistible appetizer with friends and family!