Re Olive oil there is quite a lot of contradictory "evidence" about its suitability for cooking. I have searched for more information and can find nothing from a totally independent scientific source.
If you are interested you could read the article at
http://www.oliveoilsource.com/page/heating-olive-oil
which, given the URL, is possibly biased but appears to be sound.
When you think about it Olive oil has been used for cooking for centuries in the Mediterranean region.
As a vegetarian I am not going to use lard or animal fats to cook with but feel that Olive oil is the best choice for me. I used to use Canola as well but have stopped using that even before reading David's latest book.