Preheat the oven to 450 degrees F. Put the rib roast in a large roasting pan and set aside.

Mix the olive oil, rosemary, shallots, thyme, salt, pepper and garlic until everything is combined. Rub the mixture all over the roast.

Roast for 20 minutes, then lower the oven temperature to 300 degrees F. Roast until the internal temperature registers 130 degrees F for medium rare, about 1 1/4 hours. Let rest for 15 minutes, then slice into equal width pieces before serving.